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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 AccessMNI POLITICAL RISK - Trump's First Post Election Interview
MNI POLITICAL RISK ANALYSIS - Week Ahead 9-15 Dec
Firmer On Cross-Market Spill Over
The recent uptick in U.S. Tsys has been all about cross-market spill over from the ACGB space, which was linked to the Australian labour market report release that we have fleshed out in earlier bullets. TYM2 last +0-06+ at 121-00, just off recent fresh session highs. The cash curve has bull steepened with yields running 1.5-3.5bp richer as 3s outperform and 30s lag.
- Note that some speculation re: imminent policy easing from China’s PBoC may be providing additional support, after Wednesday’s guidance from Premier Li ahead of tomorrow’s MLF operations (there is also speculation that a RRR cut may come ahead of the weekend). Note that the last week or so has seen the Chinese Premier provide several warnings re: economic growth, while the pro-growth pivot when it comes to wider policymaking has been well-documented in recent months, with the government looking to achieve an ambitious GDP growth target for calendar ’22.
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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.