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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
Equity Rally Weighing On Tsys
Treasuries are turning lower as equity futures rally (S&P futures touching best levels since Sep 18) and the dollar weakens.
- Light volume though (~150k TYZ0 traded as of 0630ET), with not much re headlines driving in the Asia-Pac session. Stronger stocks (Brexit talks optimism, plus rethinking pessimism on bank equities) have helped reassert gravity in the European morning, Tsy futures near session lows.
- Dec 10-Yr futures (TY) down 3.5/32 at 139-17 (L: 139-16.5 / H: 139-21). The 2-Yr yield is up 0.2bps at 0.1309%, 5-Yr is up 0.5bps at 0.272%, 10-Yr is up 1.5bps at 0.6692%, and 30-Yr is up 2.1bps at 1.4213%.
- A fairly quiet start to the week's calendar: 1030ET sees Sep Dallas Fed index. At 1400ET Cleveland Fed's Mester speaks.
- Attention is very much on Tuesday's Trump-Biden presidential debate, with the election just over a month away.
- In supply, only Bills today: $105B of 13-/26-week bill auction at 1130ET.
- NY Fed releases its next schedule of purchases at 1500ET; today the bank buys appr $1.750B of 20Y-30Y Tsys.
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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.