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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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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
On Monday TD Securities recommended....>
AUSSIE BONDS: On Monday TD Securities recommended entering a ACGB 11/2027 - ACGB
04/2033 steepener at 18bp, with a target of 24bp and a stop at 16bp, DV01 A$75k,
negative carry 0.6bp/3 months. TD reason that "last week we took profit on our
3s10s curve flattener. Our fitted curve model now suggests positioning for
steeper curves overall. The fitted curve model indicates the ACGB 11/27 is 2.2
s.d cheap vs deviations from the fitted curve over the past 6 months. In
contrast the ACGB 04/33 is 3.2 s.d. rich on deviations from the fitted curve
over the past 6 months. We believe positioning is light on steepeners following
the rapid flattening over the Dec/Jan period." TD highlight risks as "lower ACGB
issuance and demand for duration flattens the curve."
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.