- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
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 Data Table: China Trade With Japan (Sep 2023)
MNI Data Table: China Trade With European Union (Sep 2023)
MNI Data Table: China Trade With United States (Sep 2023)
MNI Data Table: Trade Balance Summary (Sep 2023)
Cheapening Continues After Labor Day
T-Notes operating around late NY levels after finishing a little above Tuesday's low come the bell, last dealing unchanged at 133-00.
- To recap, Tsys extended their post-NFP move after the long weekend, with 10s leading the way lower, cheapening by ~5bp come Tuesday's close. An uptick in corporate supply and this week's Tsy auction schedule provided background pressure, even with a lack of major headline flow apparent.
- A 3.5K block sale of UXY futures was witnessed during the NY morning (~$447K DV01 equivalent), adding to the early pressure.
- 3-Year Tsy supply stopped through WI by 0.3bp, with the cover ratio ticking lower, falling in line with the recent average, while dealer participation fell further below its own recent average.
- There is a lack of meaningful tier 1 risk events scheduled for Asia-Pac hours, while the NY session will bring JOLTS job openings and the release of the Fed's beige book. Wednesday will also bring 10-Year Tsy supply. Fedspeak from Williams & Kaplan rounds off the local docket.
To read the full story
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
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.