-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI POLITICAL RISK - Trump Announces Raft Of Key Nominations
BRIEF: EU-Mercosur Deal In Final Negotiations - EC
MNI BRIEF: Limited Economic Impact Of French Crisis - EC
Asia Reacts To Monday’s Tsy Sell Off
The combination of news of the latest localised lockdown in China (covering some neighbourhoods in Zhengzhou, Henan) and regulatory driven pressure in Chinese equities was seemingly enough to allow Tsys to move off their Asia lows, leaving TYH2 +0-01+ at typing, printing 129-15+. Cash Tsys sit 0.5bp cheaper to virtually unchanged across the curve, with very modest twist flattening in play after yesterday’s bear steepening. Note that bears have so far failed to force a test of initial technical support (129-12+), with a low of 129-13+ registered overnight, as the contract stuck to a 0-05+ range on ~100K lots. On the flow side, a 15K block seller of the FVG2 120.50/120.00 put spread headlined, with modest downside interest in various TYH2 put strategies also observed. The US$ swappable issuance pipeline built (headlined by Nomura, NAB & Credit Agricole). Firmer than expected Chinese Caixin manufacturing PMI data had no impact on the space. Looking ahead, the NY docket will bring the release of the latest ISM manufacturing survey & JOLTS jobs data. Elsewhere, Minneapolis Fed President (dove, ’23 voter) will speak re: the economy.
- JGBs have followed the broader ebb & flow witnessed in U.S. Tsys since catching up to Monday’s weakness in the U.S. fixed income space. That left futures -16 at the bell, a touch above Tokyo lows. Meanwhile, the major cash JGB benchmarks run little changed to nearly 2bp cheaper on the day, with 7s leading the weakness on the curve. BoJ Governor Kuroda failed to introduce any new topics into the pool of familiar reference points when it comes to BoJ rhetoric. PM Kishida flagged hesitancy when it comes to the go to travel scheme owing to omicron, with a review re: border controls set for next week.
- Aussie bond futures also followed the broader gyrations in the Tsy space, with a lack of idiosyncratic news flow apparent. That left YM -4.5 & XM -6.0 at the bell.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.