-
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
Commodities
Real-time insight of oil & gas markets
-
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 Chart Packs -
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 AccessNFPs Near
A flat re-open for TYU2, last -0-06+ at 120-17, after edging away from best levels into the NY close.
- To recap, the wider cash Tsy curve twist steepened on Thursday, with the space pulling away from lows as the BoE delivered the widely expected 50bp rate hike and sounded the alarm re: the health of the UK economy in the immediate term, predicting a recession alongside a marked shift higher in near-term inflation expectations, while noting that it remains willing to act forcefully if necessary. An inline with exp. uptick in initial jobless claims and larger than expected uptick in continuing jobless claims also played into the bid in early NY trade.
- Elsewhere, Cleveland Fed President Mester (’22 voter) noted that she is undecided when it comes to the appropriate path for interest rates come the end of the September FOMC, while she suggested that the June SEP had the tightening trajectory “about right,” as she highlighted her preference for a terminal rate of “a little above 4%.”
- Chinese activities around Taiwan continued to garner attention, with rockets launched over the island, some of which landed inside Japan’s EEZ.
- Still, volume was relatively limited ahead of Friday’s NFP release.
- Flow in the U.S. rates space was dominated by a block flattener of SFRZ2/Z3 futures (-57K) which seemed to be a partial unwind of a pre-FOMC steepener play (+67K).
- The aforementioned NFP print headlines the NY docket on Friday (see our full preview of that event here), with Fedspeak from Barkin (’24 voter) also due.
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.