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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 AccessHolding Lower Post-BoJ
The early London BoJ-derived move lower holds/extends a little with TY futures trading -0-06+ at 111-09+, 0-01 off the base of its 0-08+ session range.
- The contract remains comfortably within yesterday’s range. Initial resistance comes in at the 20-day-EMA/Jan 12 high (latter located at 112-26+), while initial support is seen at the Jan 19 low (110-26).
- Cash Tsy yields are 0.5-2.0bp higher, with a modest steepening bear bias apparent.
- 2s10s are ~12bp off YtD highs, while 5s30s are ~8-9bp off YtD steeps.
- FOMC-dated OIS shows ~11bp of cuts through Mar ’24 and ~133.5bp of cuts through calendar ’24, with both markers comfortably off the recent dovish extremes.
- Regional Fed economic activity surveys headline the NY data docket, with 2-Year supply set to kick start this week’s coupon Tsy issuance schedule.
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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.