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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
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Real-time insight on key fixed income and fx markets.
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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.
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About Us
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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 AccessMNI ASIA MARKETS ANALYSIS: Tsys Reverse Support Ahead Supply
MNI INTERVIEW: US Factories To See Expansion By Feb- ISM
MNI UST Issuance Deep Dive: Jan 2025
NZGBS: Richer With US Tsys, Canadian CPI Cools
In local morning trade, NZGBs are 3-4bps richer after US tsy yields finished 6-9bps lower on a news flow light session. The Philly Fed non-mfg index printed lower than expected.
- Also, Canadian CPI inflation fell to 2.5% y/y in July. The core measure based on an average of the median and trimmed mean fell to 2.55%, slightly below consensus. Both figures were at their lowest levels in over 3 years.
- Fed Bowman said Tuesday the Fed should cut interest rates if inflation continues to move towards the central bank's 2% goal, noting further welcome progress on inflation in the past couple of months despite upside risks.
- Projected US rate cuts through year end gained: Sep'24 cumulative -33bps (-31bps), Nov'24 cumulative -63bps (-61bps) and Dec'24 -97bps (-94bps).
- The focus now turns to Wednesday afternoon's July FOMC minutes.
- The BNZ Job Ads Index gained 2.4% m/m in July following an 8% decline in June. “Gains have been few and far between in a very strong downtrend that started back in late 2022. The trend in job ads remains firmly downward”: BNZ
- Swap rates are 2-4bps lower, with the 2s10s curve flatter.
- RBNZ dated OIS pricing is 1-2bps softer across meetings. A cumulative 71bps of easing is priced by year-end.
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.