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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 Crude Oil Imports Accelerate In November
MNI BRIEF: RBA Holds, Notes Declining Inflation Risk
Holding Sharply Richer After Late Open
- Cash Tsys trade sharply richer from Friday levels, clawing back Friday’s holiday thinned sell-off by rallying almost continuously from the late open (Tokyo holiday) aside from a most recent small cheapening. Spillover from lower German regional CPI readings might have helped extend the rally but details indicate this was led by household energy with a chance that core inflation firmed.
- 2YY -7bp at 4.355%, 5YY -11.2bp at 3.892%, 10YY -12.3bp at 3.752% and 30YY -10.6bp at 3.857%, with the result flattening in 2s10s to lows since Dec 20 at -60bps.
- TYH3 trades 20 ticks higher at 112-29+ off a session high of 113-02, coming close to fully unwinding the post-Christmas cheapening.
- Data: S&P Global Mfg PMI, Dec final (0945ET), Construction spending, Nov (1000ET)
- Bill issuance: US Tsy $54B 13W, $45B 26W bill auctions (1130ET)
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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.