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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
It's been flat range trading in.....>
US TSYS SUMMARY: It's been flat range trading in the European session for Tsys
(though decent volumes), after weakness early in Asia-Pac trading on a renewed
move higher in equity futures. Also note, USD continues to lose ground.
- Curve off steepest levels but some points (5s30s) hitting multi-year highs as
bear steepening continues, with long end still under pressure.
- The 2-Yr yield is up 0.4bps at 0.1663%, 5-Yr is up 0.8bps at 0.3258%, 10-Yr is
up 1.6bps at 0.7016%, and 30-Yr is up 2.2bps at 1.5095%.
- Sep 10-Yr futures (TY) down 5/32 at 138-22.5 (L: 138-18 / H: 138-28).
- ADP payrolls eyed at 0815ET (est -9.0mln for May), with final svc/comp PMIs at
0945ET. Then at 1000ET we get ISM non-manufacturing for May as well as Apr
Factory orders and final Durable Goods.
- Supply today is all bill sales: $40bln each of 105-day and 154-day.
- NYFed buying $3bln in 20-30Yr Tsys.
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.