Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessUS DATA
- ISM mfg was softer than expected, falling from 52.8 to 50.9 (cons 52.1) with Friday’s drop in the Chicago PMI better reflecting the softening in activity vs the nudge higher in the S&P Global PMI.
- Fresh low since May’20 and with weak internals: new orders 47.1 (low since May’20), new orders less inventories continuing to point to further weakness ahead for the overall index and employment unwinding the large jump in August back into contraction territory.
- Prices of 51.7 confirmed the sizeable decline over the summer from 78.5 in June, close to the 2019 average of 49.1 and below the long-term (2000-19) average of 59.5.
- The Tsy rally extends even further on the release, led by 5YY down -24bps at typing.
Why Subscribe to
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok