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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 reversed earlier gains......>
GILT SUMMARY: Gilts have reversed earlier gains and look set to close mixed,
yield curve mildly flatter as ultra long-end outperforms, following IL Gilt
supply, Reuters ECB sources story and higher than expected US PPI data.
- 2-yr Gilt yield is -0.1bp at 0.754%, 5-yr -0.8bp at 1.048%, 10-yr -0.4bp at
1.296%, 30-yr -0.4bp at 1.732% & 50-yr -1.1bp at 1.579% according to Tradeweb.
- Gilts opened higher underpinned by rise in US/China trade tension, but move
seen limited due to Aug-41 IL gilt syndication & comments from German Chancellor
Merkel on Brexit.
- Gilts sold off when the Strg3.25bln Aug-41 Il Gilt got priced and then further
selling was seen in reaction to Reuters ECB sources story that said members had
different views on when to hike rates. Strong US PPI data weighed as well.
- Gilts bounced off lows though as newswire said that Tory Brexiteers have
tabled 4 amendments to the Trade Bill in an effort to disrupt govt plans.
- Sstg strip has pared gains but remains steady to 2 ticks higher, curve little
changed. 30-yr breakevens are 1.6bp wider. Tomorrow could see release of Brexit
white paper and Trump comes to UK for 3-day visit.
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.