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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
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Emerging Markets
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Commodities
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Credit
Real time insight of credit markets
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Data
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Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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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: PBOC Net Drains CNY227 Bln via OMO Wednesday
MNI BRIEF: Aussie Q3 GDP Prints At 0.3% Q/Q
Early SOFR/Treasury Option Roundup: Pre-Data Maneuvering
Mixed trade on modest volumes overnight, active desks close to the sidelines ahead of this morning's CPI, PPI and FOMC tomorrow. Underlying futures stronger, nearing pre-NFP levels with TYH4 tapping 110-22 recently (10YY 4.1834% low). Curves flatter with short end lagging. Projected rate cuts for early 2024 mostly steady: December still flat at 5.333%, January 2024 cumulative -.7bp at 5.323%, March 2024 chance of rate cut at -48.4% vs. -44.5% late Monday w/ cumulative of -12.8bp at 5.202%, May 2024 -63.8% vs. -63.5% late Monday, cumulative -28.7bp at 5.042%. Fed terminal at 5.335% in Feb'24.
- SOFR Options: Reminder, Dec'24 SOFR options expire Friday
- 2,000 SFRM4 94.50/94.62/94.68/94.81 put condors ref 95.14
- 3,000 SFRM4 97.50/98.00 call spds ref 95.145
- 3,600 0QZ3 95.75 puts ref 95.825
- 4,000 SFRF4 94.81/94.93/95.06 call flys ref 94.815
- Treasury Options:
- 10,000 wk5 TY 109 puts, 17 ref 110-21 (expire Dec 29)
- 5,700 TYF4 112 calls, 12-14
- 5,000 TYF4 109.5 puts, 16-18
- 2,000 wk3 TY 109/109.5/110 put flys, 1 ref 110-20
To read the full story
Sign up now for free trial access to this content.
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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.