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Why MNI
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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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Biased Lower
An uptick in e-minis and the reaction of onshore participants to Monday’s cheapening in EGBs & Gilts has biased the ACGB space lower since the re-open, as participants setup for today’s RBA decision. This leaves YM -6.0 and XM -4.5 at typing. Wider cash ACGB trade sees 20- & 30-Year paper running ~4bp cheaper on the day. EFPs are marginally wider on the session. Bills run 6-10bp cheaper through the reds, bear flattening. Note that the IR strip hasn’t been able to escape the deepening inversion that has gripped core short-end curves in recent sessions, with the IRH3/H4 spread printing as low as -31bp in the last few days (last -25bp).
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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.