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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.
US TSYS
- Cash Treasuries firm significantly, led by the short-end and belly driving a sizeable bull steepening on the day as the rate expectations are cut heavily on the sixth day of the Russian invasion.
- 2YY -13.1bp at 1.303%, 5YY -11.9bp at 1.599%, 10YY -8.7bp at 1.736% and 30YY -7.2bp at 2.089%. 2YY sit 34bp below post US CPI highs of 1.636%.
- TYM2 sits 0-30+ higher at 128-12+ on extremely high volumes. It has blown through resistance levels and next eyes 128-17 (Jan 24 high).
- Biden gives his first State of the Union address at 2100ET.
- Fedspeak: Bostic (non-voter) speaks again with attention on whether he rows back from saying a 50bp hike in March is conditional on M/M CPI inflation trending higher in the upcoming Feb release (as per yesterday). Mester (2022) also gives opening remarks at an inflation conference at 1400ET.
- Data: Important manufacturing surveys scheduled with the final PMI and the new ISM for Feb, with the usual focus on price and employment components.
- NY Fed buy-op: TIPS 7.5Y-30Y, appr $0.625B vs. $1.225B prior (1120ET).
UST 2s10sSource: Bloomberg
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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