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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
Early, tentative risk-on trade trade...>
US TSY FLOWS: Early, tentative risk-on trade trade gave way to risk-parity like
support for equities as well as Tsys, latter off lows on modest volume even as
stocks surged.
Equities gained as financials outperformed: Blackrock, MS and GS all beat
earnings est); midday support in Tsys receded briefly as equities continued to
power higher: SPX +55.0 at 2804.0, just another 85.0 to go to get back to last
Wednesday's pre-meltdown level (and appr 75.0 off last Thursday's late lows).
- Curves extend flattening with long end outperforming. FI implied vol grinding
lower on the range (better call sales, put buys on net); VIX in retreat as well
-2.96, 18.34 vs. 20.56H.
- Trade volume fairly muted, however, modest data today -- accts likely
sidelined ahead Wed' Sep FOMC minutes release in afternoon. Also waiting on Tsy
dept release of FX policy report on major trade partners w/US. Decent deal-tied
flow on dat, rate paying intermediates to long end.
- Tsy cash/ylds: 2Y 99-24.75 (2.866%), 5Y 99-09.75 (3.025%), 10Y 97-16.5
(3.169%), 30Y 93-14.5 (3.347%).
To read the full story
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Please enter your details below.
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.