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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.
EXECUTIVE SUMMARY
US
US TSYS
OVERNIGHT DATA
MARKETS SNAPSHOT
US TSY FUTURES CLOSE
US 10Y FUTURES TECH: (U2) Watching Trendline Support
- RES 4: 123-13+ 1.764 proj of the 14 - 23 - 28 price swing
- RES 3: 122-29+ High Mar 31
- RES 2: 122-25 2.0% 10-dma envelope
- RES 1: 120-29/122-02 High Aug 4 / High Aug 02
- PRICE: 119-20+ @ 11:14 BST Aug 08
- SUP 1: 119-05+ 50-day EMA
- SUP 2: 118-03 Trendline support drawn from the Jun 16 low
- SUP 3: 117-14+ Low Jul 21 and key near-term support
- SUP 4: 116-11 Low Jun 28
Treasuries traded lower Friday and in the process cleared a number of support levels. The trend direction remains up though and recent weakness is considered corrective. The contract has remained above support at the 50-day EMA, which intersects at 119-05+. Just below this level is a trendline support at 119-03. A break of this zone would threaten the uptrend. A reversal higher would refocus attention on the bull trigger at 122-02.
US EURODOLLAR FUTURES CLOSE
SHORT TERM RATES
US DOLLAR LIBOR: Latest settlements
- O/N +0.00529 to 2.31729% (-0.00957 total last wk)
- 1M +0.01914 to 2.38857% (+0.00714 total last wk)
- 3M +0.04486 to 2.91157% (+0.07842 total last wk) * / **
- 6M +0.14329 to 3.56886% (+0.09571 total last wk)
- 12M +0.13485 to 3.99471% (+0.15257 total last wk)
- * Record Low 0.11413% on 9/12/21; ** New 24Y high: 2.91157% on 8/8/22
- Daily Effective Fed Funds Rate: 2.33% volume: $91B
- Daily Overnight Bank Funding Rate: 2.32% volume: $282B
- Secured Overnight Financing Rate (SOFR): 2.28%, $965B
- Broad General Collateral Rate (BGCR): 2.26%, $391B
- Tri-Party General Collateral Rate (TGCR): 2.26%, $380B
- (rate, volume levels reflect prior session)
FED Reverse Repo Operation
NY Federal Reserve/MNI
NY Fed reverse repo usage inches higher to $2,195.692B w/ 102 counterparties vs. $2,194.927B prior session. Record high still stands at $2,329.743B from Thursday June 30.
PIPELINE
EGBs
FOREX
Tuesday Data Calendar
| Date | GMT/Local | Impact | Flag | Country | Event |
| 09/08/2022 | 2301/0001 | * |  | UK | BRC-KPMG Shop Sales Monitor |
| 09/08/2022 | 0900/1000 | ** | | UK | Gilt Outright Auction Result |
| 09/08/2022 | 1000/0600 | ** |  | US | NFIB Small Business Optimism Index |
| 09/08/2022 | 1230/0830 | ** | | US | Preliminary Non-Farm Productivity |
| 09/08/2022 | 1255/0855 | ** | | US | Redbook Retail Sales Index |
| 09/08/2022 | 1400/1000 | ** | | US | IBD/TIPP Optimism Index |
| 09/08/2022 | 1530/1130 | ** | | US | US Treasury Auction Result for 52 Week Bill |
| 09/08/2022 | 1700/1300 | *** | | US | US Note 03 Year Treasury Auction Result |
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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