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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 OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
Plenty to chew on today for.........>
US TSYS SUMMARY: Plenty to chew on today for market participants, with 0830ET
bringing Tsy's quarterly refunding announcement and the first read of Q3 GDP
(not to mention ADP out at 0815ET). All that ahead of the Fed's expected 25bps
rate cut at 1400ET (full MNI Preview available upon request).
- As we head into today's data, Dec 10-Yr futures (TY) up 1.5/32 at 129-10 (L:
129-06.5 / H: 129-11.5); curve a little flatter: The 2-Yr yield is down 0.2bps
at 1.6395%, 5-Yr is down 0.8bps at 1.6536%, 10-Yr is down 1.4bps at 1.8244%, and
30-Yr is down 1.8bps at 2.3163%.
- For Sep ADP, Sep ADP private payrolls, prior was 135k, 110k expected this
time. For Q3 GDP (adv), prior 2.0%, exp. 1.6%.
- Re refunding, sell-side expects little to no change in announced coupon
auction sizes. More interesting perhaps will be discussion of potential new
issues in coming quarters, including 20-Yr Tsys and SOFR FRNs.
- We've just sent a sell-side summary on refunding to FI Analysis subscribers.
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.