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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
MNI INTERVIEW2: Poland To Push For EU Defence Fund
Belly-Led Rally From European PMIs, Payrolls Prelim Benchmark Revisions Ahead
- Cash Tsys has seen a belly-led rally overnight as the US session gets underway, driven by softer than expected European service PMIs. It sees the front-end reverse most of yesterday’s sell-off whilst further out the curve we are increasingly back to Monday’s levels.
- Data are in focus today with August flash US PMIs, preliminary benchmark revisions for the establishment survey including payrolls plus new home sales, before attention on 20Y supply.
- 2YY -4.9bp at 4.997%, 5YY -7.2bp at 4.416%, 10YY -6.5bp at 4.259%, 30YY -5.0bp at 4.350%.
- TYU3 trades 12 ticks higher at 109-14 on strong cumulative volumes of 445k. Resistance is seen at 109-28+ (Aug 18 high) but trend conditions are seen remaining bearish, with support at 108-28 (Aug 22 low).
- Data: Weekly MBA mortgage data (0700ET), S&P Global US prelim PMIs Aug (0945ET), Preliminary Payrolls Benchmark Revision (1000ET), New home sales Jul (1000ET)
- Note/bond issuance: US Tsy $16B 20Y Bond sale (912810TU2) – 1300ET
- Bill issuance: US Tsy $24B 2Y FRN R/O (91282CHS3), $50B 17W Bill auctions – 1130ET
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.