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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 Auction Rally Extended Ahead Of CPI, Further Supply
- Cash Tsys trade 2.5-4.55bp richer, extending yesterday’s rally seen after double note issuance, which despite both 3s and 10s tailing appeared to be met by investors happy to re-enter longs at more favorable levels after the sell-off instigated by an on balance stronger than expected payrolls report.
- TYH4 at 110-20+ (+10) sits just off the day’s high of 110-22. The trend structure remains bullish, with resistance at the bull trigger of 111-09+ (Dec 7 high) after which lies 111-19 (Fibo projection of Oct- Nov price swings).
- CPI clearly headlines today (preview), before likely some further attention on supply, this time at the very long end, but all with tomorrow’s FOMC decision on the horizon (preview).
- Data: CPI Nov (0830ET), Real Av Earnings Nov (0830ET), Mthly Budget Statement Nov (1400ET)
- Note/bond issuance: US Tsy $21B 30Y Bond auction R/O (912810TV0) – 1300ET
- Bill issuance: US Tsy $70B 42D bill CMB auction – 1130ET
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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.