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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.
US DATA
- Industrial production was stronger than expected in Sept, rising 0.4% M/M (cons 0.1) after -0.1% M/M (prior -0.2) and with similar relative strength in the manufacturing sub-component.
- A 3M/3M trend growth rate of 3% annualized combined with an acceleration in (nominal) core durable goods orders for August indicates continued resilience compared to ISM mfg falling further to 50.9 in Sept, officially only just above contraction – see chart.
- Separately, capacity utilisation of 80.34% pokes above the July cycle high of 80.30 for the highest since early 2008.
- Tsys cheapened ~1bp on the initial release but have since retraced the move, rallying 4-5.5bps across the curve except for the very long end lagging at-1bp.
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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