-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
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 AccessJGBs Soften, Remainder Of Core FI Looks For A Lead
T-Notes consolidated a little above Monday's late lows in Asia trade, sticking within the confines of a 0-03+ range to last trade -0-01+ at 134-05. Cash Tsys run little changed to ~1.0bp richer across the curve at typing. Macro headline flow was on the light side, with the major Chinese equity indices trading either side of unchanged after Monday's regulatory-linked slide. Note that a Chinese state-run media outlet published a piece (citing analysts) flagging the "short-term" impact of Monday's headwinds for equities, pointing to expectations for the long-term uptrend to continue. Asia-Pac flow was headlined by a 1.5K lot block buy of UXYH1 (~$199K DV01 equivalent). The NY docket will be headlined by durable goods and consumer confidence data, as well as 5-Year Tsy supply.
- JGB futures moved to Tokyo session lows during the afternoon session, having a look through their overnight trough, last -15. The major cash JGB benchmarks run little changed to ~1.5bp cheaper on the day, led by 7s, suggesting the move there may be futures led. The latest 40-Year JGB auction was lukewarm. It saw the high yield print a touch below broader expectations (0.735% vs. the BBG dealer consensus which looked for 0.740%), while the cover ratio nudged lower to 2.716x (6-auction average 2.816x). BoJ Governor Kuroda will speak later in the Tokyo afternoon.
- In Australia, YM +0.5, XM -1.5 after the latter had a look at its overnight low in early Sydney dealing before recovering a little. NSW saw another uptick in new COVID cases today (172). On a more positive note, Victoria has wound back the harshest of its COVID restrictions. The state also declared that it is set to enforce a hard border with the state of NSW. Meanwhile, South Australia confirmed that it is moving out of its own lockdown, although the state Premier stressed that significant restrictions will remain. Q2 CPI data dominates the domestic docket on Wednesday, although the focus on the local COVID situation and perceived transitory nature of the uptick in the inflation readings cloud the potential for lasting market impact in the wake of the release.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.