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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 UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
*** Choppy day Thursday, Tsys.......>
US TSYS SUMMARY: *** Choppy day Thursday, Tsys opening with a strong curve
flattening bid/making new highs after unch ECB policy annc, trim gains after
wkly claims and relatively upbeat ECB Draghi presser (little react to taper
annc, policy opens door to carry). Tsys new session lows on US House adopt'
budget resolution. Current 10Y 2.4262% vs. 2.4499% high, heavy vol TYZ>1.2M.
- Politico source story saying "Yellen was out of the race" and Catalonia's
Puigdemont suspending regional elections added to 2-way/risk-on/off chop
earlier. Tsy sell-off/tail risk if Taylor receives Fed chair appt.
- Flow included corporate supply and pre-auction short sets into the $28B 7Y
note auction, 2/10Y, 2/30Y and 5/30Y flatteners, heavy selling in TYZ on Yellen
item not to be reappointed.
- Swap spds held narrow range, early flow included $240M payer in 3s at 1.96125%
after 10Y10Y forward steepener, better paying from fast$, real$ and insurance
portfolios across the board into the Tsy sale.
- Massive Eurodlr Red pack (EDZ8-EDU9) Block +27.5k at +0.0075, moving risk from
futures to swaps, no duration or spread impact, sources confirm.
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.