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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.
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 AccessModest FI Outperformance Awaiting US Data
- GoCs are holding modest outperformance to Tsys seen since the open, more so at the front end with 2YY -4.8bps (Tsys -3.4bps) at week lows.
- The GoC 5Y is also -4.5bps, with little follow-up today after yesterday’s lowest bid-to-cover since 2009.
- Spillover from US data is likely most impactful today considering a light local docket.
- The Macklem and Rogers Senate appearance at 1130ET is unlikely to add to Tuesday’s House appearance or last week’s BoC commentary (i.e. leaving the door open to further hikes if necessary). CAD retail sales more of note tomorrow.
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.