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Global Macro
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About Us
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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.
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 AccessMNI: BOJ Tankan: Key Sentiment Rises, Solid Capex Plans
MNI ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
Drift Higher With Tomorrow’s CPI In Focus
Treasury futures have drifted higher through the European morning, currently +0-07 at 109-15+.
- Nonetheless, a technical downtrend remains intact following Monday's move lower.
- Overnight news flow saw ex St Louis Fed president Bullard express an expectation for three Fed rate cuts this year.
- Current Fed Funds pricing is little changed on the day, with just over 60bps of cuts priced through the remainder of ’24.
- Other speakers (Kashkari and Goolsbee) weighed in on the latest US jobs report (MNI’s review is here).
- US cash yields are 2 to 3.5bps lower today, with the belly of the curve outperforming.
- NFIB’s small business optimism survey is the only scheduled data release today, with no Fed speakers due either.
- Focus remains on tomorrow’s CPI and Thursday’s PPI reports.
- MNI’s CPI preview will be released later today.
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.