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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Gilts have faded earlier risk-on.......>
GILT SUMMARY: Gilts have faded earlier risk-on sentiment move this afternoon and
look set to close near session highs, but still in remain negative territory.
Yield curve is steeper as long/ultra long-end underperforms the short-end.
- Reverse of earlier risk-on sentiment as NY markets opened and soft US empire
manufacturing appeared to be the reason for recovery in Gilts.
- 2-yr Gilt yield is +1.4bp at 0.921%, 5-yr +2.0bp at 1.206%, 10-yr +2.9bp at
1.464%, 30-yr +2.8bp at 1.835% and 50-yr +2.8bp at 1.642% according to Tradeweb.
- UK data today has been limited to latest VISA spending data from March, which
did not make good reading, however data picks up tomorrow with latest UK Jobs
report and wage data crossing the wires. Then on Wednesday March inflation data
is released followed by official retail sales on Thursday. DMO also tap 10-yr
Gilt on Thursday for Stg2.5bln.
- Swap spread remain modestly tighter across the board, while breakevens are now
steady to tighter led by the 5-yr.
- Short sterling strip is currently steady to 1/2 ticks lower with Red and Green
contracts underperforming albeit in very light trade.
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.