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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 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
Deceptively quiet session/limited...>
US TSYS SUMMARY: Deceptively quiet session/limited dat w/housing #s strong,
curves surge steeper late (2s10s +2.702, 52.165; 2s30s +4.251, 70.544; 5s30
+3.221, 35.323). Tsy 10Y yld broke 3% earlier/rejected move but is back over
2.99% after the bell, potentially spurring additional selling in 30Y bond,
weaker hands unwinding flatteners.
- US$ index reversed early gains (DXY -.180, 90.766 vs. 91.076H; US$ vs. Yen at
108.7 after climbing to 109.2 earlier -- spurred FX-acct selling in Tsys.
Equities cratered later in the second half (emini -46.75, 2624.5), had started
w/heavy selling in FANG shares followed by Caterpillar (CAT) reversing strong
gains to trade >4% lower. Sources pointed ot Apple, 3M, Travelers and CAT made
up appr 260pt of Dow decline.
- $32B 2Y note auction, small .3 tail after 2Y awarded a 2.498% rate (2.310%
previous) w/bid/cover 2.61 vs. 2.91 previous (2.85 avg).
- Heavy option volume, w/upside calls making lions share (+100k each EDM 81
calls, E2M 78 Eurodollar calls; +20k TYN 126.5 calls, 1/64).
- Late ylds: 2Y 2.466%, 3Y 2.625%, 5Y 2.819%, 7Y 2.946%, 10Y 2.992%, 30Y 3.176%
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.