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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 UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
*** Heading into midday, futures....>
US TSYS SUMMARY: *** Heading into midday, futures have quietly drifted to top
end intra-day range heading into $20B 10Y note re-open, 20bps cheap to last
months 2.384% stop through. Sources suspect strong interest up against channel
support of 2.590%.
- Much of days heavy volume a result of late overnight/early NY trade. Curves
off early steeper levels amid some profit taking on tactical steepeners set
earlier in week. Latest curve update: 2s10s +2.157, 60.235 (62.336H/57.381L);
2s30s +2.232, 94.526 (97.359H/92.140L); 5s30s +1.294, 57.574 (59.513H/55.775L).
- Little react to Chicago Fed Evans, Dallas Fed Kaplan comments, Tsys holding to
lower/narrow channel after sharp sell-off during London hours on headline that
China may slow/halt Tsy buying. US$ slammed, equities knocked lower but
rebounded (emini -3.0, 2749.0), gold firmer/off highs (XAU +5.0, 1117.78), oil
stronger (WTI +0.35, 63.31).
- Flow includes real$ selling old 3Y to buy new, fast$ selling old 10Y to buy
new, prop/fast$ taking profits on 5s10s steepeners places earlier in week.
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.