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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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Futures Rally Stalls At Early High
The recovery in gilt futures stalls at the early London high (97.23), with little in the way of meaningful headline flow seen since this morning’s UK & European data.
- That leaves discussions centred on the CPI-PMI mix and domestic political matters.
- The 50-day EMA (97.71) provides initial resistance on any extension higher in futures.
- Cash gilt yields are 1.5-2.0bp lower across the curve.
- A reminder that paper out to 30s breached yesterday’s yield highs during today’s early sell off.
- The local calendar is limited for the remainder of the day, which will leave focus on wider news flow and North American event risk.
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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.