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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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Free Access*** Oddly quiet week opener, Tsy....>
US TSYS SUMMARY: *** Oddly quiet week opener, Tsy futures trading mostly higher,
long end outperforming - but well off pre-open highs after surge in
risk-off/safe-haven buying on news of pipe bomb explosion at 8th ave/west 44 st
subway station in NY. Minor injuries and suspect that had bomb strapped to body
survives, taken into custody. 2s10s -2.164, 55.582; 5s30s -1.435, 61.259.
- Muted trade on the follow as Tsys gradually reversed risk-off move, curve
holding flatter profile into second leg of Mon's Tsy note supply. Late morning
$24B 3Y auction drew 1.932 rate; awaiting results of US$20B 10Y reopen.
- No react to midmorning BLS jobs data, market appears on hold for Wed's FOMC
policy annc, widely expected .25bp hike, SEP nod to 4 hikes in '18 anticipated.
- Early Eurodollar flow, decent seller in short end following the 3M LIBOR set
(+0.0147 to 1.5635%, +0.0542 last wk), knocking EDZ7 down 0.007 to steady; large
buy +66k EDZ8/EDZ9, 0.170 followed. Buyer 15k TUH 107-05.25; myriad flatteners
in 2s, 3s and 5s vs. 10s and 30s. Some corporate deal-tied hedging in the mix.
Option flow included consolidation near expiry puts, Dec Eurodlr futures/options
expire Fri.
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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.