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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 OPEN - ECB Set to Deliver Third Consecutive Cut
MNI China Daily Summary: Thursday, December 12
Caution ahead of U.S. President Trump's.....>
US TSYS: Caution ahead of U.S. President Trump's Friday address re: China,
coupled with focus on larger than usual month-end extensions and bond positive
month-end rebalancing estimates supported the U.S. Tsy space in the final
Asia-Pac session of the month, leaving T-Notes +0-08+ at 138-29+, with yields
sitting 0.8-3.0bp richer across the curve, as 20s outperform.
- Fed's Daly offered little new in her latest address after continued discussion
of and speculation surrounding YCC in recent days.
- A reminder that the 5-/30-Year yield spread closed above 110bp for the first
time since '17 on Thursday, although the intraday wides of 2020 still haven't
been tested, yet.
- The latest 7-Year auction was quite similar to Wednesday's 5-Year offering,
generating a 0.9bp tail, with a nudge higher for dealer takedown.
- Eurodollar futures -0.5 to +1.0 through the reds, twist flattening.
- Focus falls on the aforementioned address from President Trump (no time
given), Fed Chair Powell's latest appearance, monthly PCE data, the MNI Chicago
PMI and the Fed's latest announcement re: Tsy purchase amounts.
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.