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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 ASIA OPEN: Trade Deficit, Tariffs and Debt Limits
MNI ASIA MARKETS ANALYSIS: Tsy Yields Rising Ahead Year End
MNI China Daily Summary: Friday, December 27
MNI US OPEN - Gaza Ceasefire Deal at Risk, Israel Shifts Focus
Firmly Richer As Fedspeak and Weak PMIs Offset JOLTS Beat
- Cash Tsys have surged today, technically led by the 3Y at typing whilst the 2Y remains off post-Chicago PMI highs but all other major benchmark tenors push new session highs heading towards the close.
- There has been sizeable volatility through the session after a sizeable downside miss for the MNI Chicago PMI, higher than expected JOLTS job openings and then Jefferson (voter) and Harker (’23 voter) supporting skipping a June hike. They add to the overnight bid on external factors from softer Eurozone core inflation implications and China PMIs.
- 2YY -7.4bps at 4.376%, 5YY -8.0bps at 3.727%, 10YY -6.7bps at 3.620%, 30YY -5.5bps at 3.836%.
- TYU3 trades 17 ticks higher as it climbs to session highs of 114-18, nearer resistance at the 20-day EMA of 114-29+ and ultimately 115-07+ (50-day EMA). Volumes have soared, currently approaching 1.7M cumulative.
- Tomorrow sees a swathe of data including ADP, ISM mfg, final ULCs/productivity for Q1, Challenger job cuts and weekly initial claims, all before Friday’s payrolls report.
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.