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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 Credit Weekly: Le Vendredi Noir
MNI: Canada Apr-Sept Budget Deficit Widens On Spending
New Cycle High For 2Y Yields On UK Woes Spillover
- Cash Tsys see a sizeable cheapening but nevertheless large outperformance to the huge moves in Gilts with no sign of a stepping back from Chancellor Kwarteng’s push for unfunded tax cuts and less so the politics-induced sell-off in BTPs.
- The result has been front end yields touching fresh cycle highs of 4.345% although this has since retraced to 4.2779% (+7.7bps), followed by 5YY +8.3bps at 4.062%, 10YY +7.4bps at 3.759% and 30YY +4.2bps at 3.648%.
- TYZ2 trades 16 ticks lower at 112-04 on above average volumes. The bearish outlook remains, with support eyed at Friday’s low of 111-25 and then 111-08+ (3.0% Lower Bollinger Band), whilst resistance is seen at 114-00 (Sep 22 high).
- A heavy week for Fedspeak is kickstarted by Collins (’22 voter), Bostic (’24), Logan (’23) and Mester (’22), likely overshadowing the Chicago and Dallas Fed activity indices.
- Bond issuance: US Tsy $43B 2Y Note auction (91282CFN6) – 1300ET
- Bill issuance: US Tsy $54B 13W, $42B 26W bill auction – 1130ET
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.