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Policy
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Global Macro
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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 AccessLooking at the payroll report Michael.......>
US TSYS: Looking at the payroll report Michael Schumacher and Boris Rjavinski at
Wells Fargo believe that the sensitivity of the 10Y UST yield will decline in
August.
- They point out that "August headline nonfarm payrolls growth has been below
consensus each of the past six years. Our colleagues on the Wells Fargo
economics team note that since 2003, August has experienced the largest average
monthly revision".
- Bringing it all together, they see the 10yr Treasury beta for the miss from
consensus at "perhaps to 6-8 bps per 100,000"
To read the full story
Sign up now for free trial access to this content.
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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.