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Global Macro
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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.
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:Largest Canada New Home Price Dip Since `09 Led By Toronto
MNI: Canadian Oct Retail Sales Rise For Fourth Straight Month
MNI POLITICAL RISK - Trump Cabinet Hits First Roadblock
Bull Steeper With FOMC Minutes & Late Fedspeak In Focus
- Cash Tsys have bull steepened after yesterday’s Independence Day closure, albeit with some gyrations with a strong open, intraday cheapening early in the European hours and subsequent paring on softer European data. Accordingly, the modest rally in 10s underperforms core EU FI.
- The FOMC minutes (preview here) headline the session with typical Wednesday data releases ahead of payrolls shunted to tomorrow in the holiday-shortened week.
- 2YY -4.6bp at 4.890%, 5YY -3.2bp at 4.156%, 10YY -1.6bp at 3.839%, 30YY +0.0bp at 3.863%
- TYU3 trades 3+ ticks richer at 112-01+ on soft but in line with recent average volumes of 230k. The trend needle pointing south with support at 111-25+ (both yesterday and Jun 30 low) after which lies 111-14+ (Mar 9 low) and the key 110-27+ (Mar 2 low). Resistance meanwhile sits at 112-21 (Jun 22 low).
- Fed: FOMC minutes (1400ET), NY Fed’s Williams with no text (1600ET)
- Data: Factory orders/final durable goods May (1000ET)
- Bills issuance: US Tsy 17W bill auction (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.