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Global Macro
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Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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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: PBOC Net Injects CNY11.0 Bln via OMO Tuesday
MNI ASIA MARKETS ANALYSIS: Treasuries Surge On Bessent And Oil
FX Steady, 10Y SGBs Eye Highest Yield Since 2011
Scandi FX largely steady on the day, with local headline flow light alongside the Eurozone.
- Modest stabilisation of market sentiment (with EURUSD and European equities off weekly lows) is yet to buoy high beta Scandi FX. NOK/SEK sits below the 200-day EMA at 1.0219, with 1.0121 (July 18 low) the next supportive level.
- EURNOK hovers around the 11.40 handle, which was a key support over August and September, and held despite Norges Bank's commitment to another rate hike this year.
- 10-Year SGBs underperform German counterparts this morning, with yields approaching 3.104% (Sep 28 high and highest since 2011). The 10-Yr Bund/SGB spread sits 4.5bps wider on the day at 16.1bps amid broader FI weakness.
- Tomorrow, Sweden's services PMI will be of interest, particularly given Riksbank members' (in particular Deputy Gov. Breman and Gov. Thedeen) concerns with services inflation evident in the September minutes yesterday.
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.