-
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
-
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 Global Macro Weekly -
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 AccessMNI EUROPEAN MARKETS ANALYSIS: ECB Expected To Cut Rates Later
MNI EUROPEAN OPEN: A$ & Local Yields Surge Following Jobs Data
Off Highs/Narrow Range Since Weak Data, More Housing Tue
Tsy futures trade higher after the bell, holding to narrow range since scaling back from midmorning high soon after the NAHB Housing data miss, yield curves holding mildly steeper. Tsy 30YY fell to low of 3.0503%, running at 3.098% at the moment
- Low volume session w/ TYU2 just over 840k vs 640k at late morning after Tsys extended early highs after the NY Fed Empire State index gapped -31.5 vs. 5.0 estimate - "with sharp declines in orders and shipments" for the second largest monthly decline since May 2020; August read of NAHB Housing Market Index is 49 vs. 54 est.
- Moderate option-tied and supply related hedging contributed to two-way flow on the session Tsys bill sales include $54B 13W and $42B 26W up shortly, high-grade corporate issuance resumed: $3B Amgen 3pt, $2.25B Rabobank 3pt launched while $3B KFW 2Y SOFR was rolled to Tuesday.
- Starting to see the start of Sep/Dec Tsy futures rolling ahead Aug 31 first notice when Dec takes lead quarterly position, roll volumes still muted.
- Data on tap for Tuesday (est, prior): Building Permits (1.696M rev, 1.640M), MoM (0.1% rev, -3.3%), Housing Starts (1.559M, 1.528M), MoM (-2.0%, -2.0%), Industrial Production MoM (-0.2%, 0.3%), Capacity Utilization (80.0%, 80.2%) and Mfg Production (-0.5%, 0.4%).
- The 2-Yr yield is down 4.6bps at 3.1967%, 5-Yr is down 4.6bps at 2.91%, 10-Yr is down 4.3bps at 2.7878%, and 30-Yr is down 1.1bps at 3.0972%.
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.