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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 AccessPost-7Y Auction Update
- Futures remain weaker on the day, but have quickly recovered from the knee-jerk sell-off following the 1.1bp tail in 7s (3.563% vs. 3.552% WI).
- Front month 10Y futures currently at 114-29 (-20.5) vs. 114-23.5 low, 10Y yield currently at 3.509% (+.0606) vs. 3.5223% high.
- Curves maintaining flatter profiles (2s10s -4.233 at -54.681) with the short end underperforming after this morning's data underscored expectations of a 25bp hike next week, while implied rate cuts for year end remain well off Tuesday highs (Dec'23 cumulative -33.8bp (-52.1bp Tue) at 4.491%.
- FI markets trading sideways near lows now, generally quiet as participants await tomorrow's PCE, ECI, Chicago PMI, UofM Sentiment.
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.