- 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 AccessCore FI Sees Mixed Flows
A distinct lack of macro headline flow has allowed T-Notes to stick to a 0-03 range in Asia-Pac hours, last -0-03 at 138-26+, with cash Tsys showing marginal twist flattening, as yields sit within -/+ 0.5bp of their respective closing levels across the curve. E-minis have edged away from their late NY lows in post-settlement/Asia-Pac trade after a little more optimism re: fiscal talks in DC emerged on narrower differences between the Trump administration and the Democrats, although it is fair to say that many hurdles remain, which is reflected in the relative levels of e-minis vs. their Monday highs.
- JGB futures drew support from the curve flattening evident in cash JGB trade, with the contract last +2 vs. Tokyo settlement levels, a touch off highs. In terms of the bull flattening witnessed in cash trade, it looks like receiving in super-long swaps has been the driving factor, with 30- and 40-Year swaps tighter vs. their JGB equivalents. There has been a lack of macro headline flow, and the aforementioned round of swap receiving looks to have offset any U.S. Tsy/20-Year JGB supply related pressure. The latest 20-Year auction passed smoothly enough, with a focus on carry.
- In Australia YM +0.5, XM -0.5, with focus falling on comments from RBA Assistant Governor Kent. The most notable of which noted that a move into -ve territory for BBSW would not be unexpected. This supported the Bill space, which last sits +1-3 through the reds.
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.