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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessAfter a weaker start, rates trade......>
US TSY FLOWS: After a weaker start, rates trade firmer to steady in long end by
the bell, off midday highs. Tsy yld curves got a late boost as long end rate
support evaporated. Equities weaker/off lows (SPX -23.5 2640.0 vs. 2622.25L);
US$ index reversed early gains (DXY -.047, 95.747).
- Quiet start to a busy week -- even if the US Govt hadn't reopened last Friday.
Little data Mon/Tue, but a lot of Tsy supply ahead Wed. FOMC annc (no rate
change expected, "patient" statement).
- Private ADP employ data Wed, Jan NFP Fri likely moderating (+177k est) after
Dec' blowout jobs gain (+312k), mfg ISM, auto sales for NA and China/U.S. trade
talks are highlights for wk ahead.
- Modest 2-way curve flow by fast$ in 2s vs. 5s and 10s, prop and real$ buying
10s into midday, decent deal-tied hedging, Tsy auction unwinds as well. Trading
desks squaring up ahead FOMC annc Wed, not because of policy uncertainty but due
to concern of "Siberian Express" deep-freeze expected to grip midwest. Tsy
cash/ylds: 2Y 99-26.5 (2.588%), 5Y 100-06.5 (2.579%), 10Y 103-08.5 (2.740%), 30Y
106-03 (3.060%).
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.