-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
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 -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
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.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
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.
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 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
Ebb & Flow
T-Notes (citing the M1 contract) started the Asia-Pac session by partially retracing their Friday downswing, but failed to cling onto those early gains. The contract topped out at 132-00+ and pulled back into negative territory. It last trades -0-01+ at 131-23+, hovering just above session/Friday's low of 131-23. Cash Tsy curve bear steepened, with yields last seen 0.6-1.7bp higher. Eurodollar futures sit up to 1.0 tick lower through the reds. The main focus overnight fell on China's monthly economic activity data, which were a mixed bag (though closely watched industrial output & retail sales topped expectations), distorted by a large base effect & impact of the LNY holidays. In the U.S., an interview with Tsy Sec Yellen grabbed attention, as she downplayed the inflation risk and that there's no decision on whether to pursue a wealth tax yet.
- JGB futures were in demand from the off, smoothly surging past Friday highs in early dealing. The contract edged away from its best levels thereafter and last sits at 151.06, 7 ticks higher on the day. Cash JGB yields are lower, with belly outperforming at the margin. Japan's core machine orders recorded the first monthly drop in four months, but the decline was shallower than expected.
- Cash ACGB curve steepened at the re-open, but yields moved off steeps later in the session and last sit -0.5bp to +7.8bp. Aussie bond futures crept higher before paring some gains, YM last trades unch. & XM -8.6 ticks. Bills trade 1-3 ticks lower through the reds. Little to write home re: RBA Gov Lowe's latest address. Elsewhere, the Reserve Bank offered to buy A$2.0bn of ACGBs with maturities of Nov '24 to May '28, excluding ACGB Sep '26, as part of its bond-buying scheme.
To read the full story
Sign up now for free trial access to this content.
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.