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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 US OPEN - RBA Holds, Communication Turns Slightly Dovish
MNI China Daily Summary: Tuesday, December 10
*** Getting a bunch of questions on why.....>
US TSYS: *** Getting a bunch of questions on why isn't the Tsys market improving
more after soft retail sales. Here's what we hear so far from traders: in some
cases, traders already do own in Tsys what they want to own (at least for now at
head of potential pre-weekend safe-haven bid), so they are just sitting tight
until later today. Some others however are under water on Tsys holdings and need
10-year note yields to push about 3-4 bps lower before they will take new
action.
- Finally there was odd safe-haven bid trading (i.e., very muted) overnight due
to the Japanese holiday Monday, which spurred apparently light safe-haven bid
and then unusually swift safe-haven unwinds into the weekend.
- And finally the Q/E unwind prospect/taper/rate hike hints that could arise at
ext week's FOMC and need to get positions set up before then, could be limited
NY action today, at least so far. Some argue this tapering has already been
priced in. Others are bracing for a very choppy Wednesday amid 2pm ET FOMC news,
2:30pm ET Fed Chair Yellen news conference.
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.