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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 AccessCore global FI has been underpinned....>
BOND SUMMARY: Core global FI has been underpinned from the off, and failed to
get anywhere near neutral levels in a headline light session that was driven by
weekend news flow, namely the escalation in the Sino-U.S. trade war. The market
regained some composure with Chinese VP Liu reiterating that China remains
willing to resolve the dispute via calm negotiations & as the PBoC seemingly
widened the counter-cyclical adj. factor in its latest USD/CNY fixing.
- T-Notes last +0-12+ at 131-11 with the cash curve bull steepening. Eurodollar
futures trade 2.5 to 5.0 ticks higher.
- In Aus YM +5.0, with XM +9.0. Bills deal 2-5 ticks higher through the reds.
- JGB futures registered fresh all-time highs, and last deal at best levels +35
ticks on the day, with the curve bull flattening. The BoJ left the size of its
10-25+ Year JGB purchases unchanged, with the offer to cover ratio rising for
the 10-25 Year bucket and edging lower for the 25+ Year bucket. The average
yield spread moved further into negative territory for both buckets.
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.