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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.
US DATA
- Pending home sales fell -2% M/M in August, as expected after a modestly smaller than first thought decline of -0.6% in July.
- Pending sales, which tend to lead existing, suggest a slowing in the pace of housing market correction from an average monthly decline of -4% through 1H22, but a further decline nonetheless with sales at their lowest since 2011 outside of the pandemic and with no sign of the bounce seen in yesterday’s new home sales - see here.
- Prior market momentum from BoE spillover dominates with 2Y Tsy yields -13bps, 5YY -15.5bps and 10YY -13bps, plus any reaction further distorted by Bostic speaking at the same time.
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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