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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 AccessGains Slowly Paired On Beats For Home Sales & Consumer Confidence
- Initial reaction to beats for US existing home sales and Conf. Board consumer confidence was muted, but Treasuries have since pared earlier gains.
- Major tenors now sit 1.5-4.5bp richer vs 3-6bp pre-data, with the day’s rally still led by 2s.
- Fed Funds implied rates have correspondingly nudged 1-2bps higher but still show 21bp of cumulative cuts for the March FOMC and 149bp for 2024.
- TYH4 at 112-18 has pulled back into recent ranges. It’s off a high of 112-25+ from earlier in the US session, which stopped short of testing resistance at 112-28+ (Fibo projection point).
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.