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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
*** Did Pres Trump just drop the mic...>
US TSY FLOWS: *** Did Pres Trump just drop the mic on the risk-off move that was
gaining momentum before myriad headlines where he heralded his great
relationship with China, that they would make a deal. Trump also announced he
had finished but had not submitted answers to Mueller probe questions. SPX
climbed to 2748.75 but is scaling back to 2737.75 right now.
- Tsy futures were extending session highs as US$ continued to weaken (DXY
-.521, 96.406) DXY now -.440 at 96.487; yield curves steeper but off earlier
highs (5s30s +2.492 at 44.450 vs. 46.891H) but now +1.944 at 43.902. Volume had
really tapered off since London clocked out, saw another 100k TYZ since
headlines aired
- Modest two way-flow earlier reverted to better buying in 5s-10s into midday,
prop, fast- and real$ selling intermediates to long end last few minutes.
Ongoing block buys (likely short covering) in TUZ ((+15k from 105-14.5 to
-15.25). Decent Dec/Mar futures rolls in 2s and 5s helping pad volume.
- On Trump headlines, traders wary, some surprised didn't come through Twitter
channels, maybe getting ahead of other headlines that may not be as glowing.
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.