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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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Free AccessExceptionally quiet start to the.......>
US TSY FLOWS: Exceptionally quiet start to the week (Fed in blackout, little
data) on very light volume (TYU<720k by the closing bell). Data picks up
tomorrow w/ existing home sales; US Tsy $40B 2Y note auction (9128287F1) kicks
off the week's Tsy supply.
- Tsy yld curves off flatter levels; equities extended session highs late but
quickly receded (2993.5H); Gold inched higher but remains well off last week's
highs (1427.46 in late trade)
- Light two-way flow on net, Tsys mirrored EGBs earlier, support evaporated
later in second half amid preemptive supply related selling. short end extending
session lows late EDU9 -0.035 to 97.87 (only on light volume though w/appr -15k
from 97.88 to .875; total EDU9 volume just over 200k).
- Note, 3M FRA/OIS forged wider, breached 28.00 first time since early January.
- The 2-Yr yield is down 0.4bps at 1.8144%, 5-Yr is down 1.5bps at 1.7997%,
10-Yr is down 0.9bps at 2.0464%, and 30-Yr is down 0.4bps at 2.5748%.
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.