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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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Free AccessDespite the prospect of a potential......>
US TSYS/2Y: Despite the prospect of a potential December rate hike, traders said
today's 1pm ET $26B 2-year note auction should draw a reasonable bid. While it's
calm for this moment, traders are still wary, eyeing the
geopolitical/N.Korea-tied jitters.
- Treasury has a busy supply schedule this week: 2-year auction Tues, then
11:30am ET $13B 2-year FRN reopening Wed and 1pm ET $34B 5Y note auction, then
finally $28B 7Y auction Thurs.
- Traders pointed out the 2Y WI at 1.449% is around the cheapest levels since
2008, thus has built in some concession for that rate hike reason. Meanwhile Fed
Chr Yellen will speak at 12:45pm ET, thus mkt will be watching that too. Also
the overnight repo market shows 2Y notes very tight, suggesting a good short
base already.
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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.