-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
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.
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 AccessPost-FOMC Impetus Hits Early On, Starts To Recede
Musings in the wake of Wednesday's monetary policy decision from the Fed have dominated morning Asia-Pac trade, after policymakers set the scene for a March rate hike and signalled resolve in their attempts to curb rising inflation. JGBs & ACGBs took a hit as cash markets re-opened, but have stabilised since, while pressure on Tsys has now dissipated.
- ACGBs took a hit as cash trading re-opened after a public holiday in Australia. Aussie bonds retreated under pressure from post-FOMC market impetus, with yields printing fresh cycle highs as a result. When this is being typed, ACGB yields sit 6.0-8.0bp higher (already off initial highs) across a slightly flattened curve. Aussie bond futures re-opened on a softer footing, but have now ticked away from lows, with YM last -6.5 & XM -5.0. Bills trade 2-8 ticks lower through the reds.
- JGBs are broadly weaker in cash Tokyo trade, with the yield curve undergoing some flattening. JGB futures started on a softer footing before stabilising and last trade at 150.79, 17 ticks below previous settlement. Japan's MoF will auction 2-Year JGBs later today.
- T-Notes have moved away from Wednesday's post-FOMC low in the early part of the Tokyo session. TYH2 trades -0-03+ at 127-13 at typing. Eurodollar futures sit 3.0-12.0 ticks through the reds. Cash Tsy curve has twist steepened a tad, with yields last seen -2.1bp to +2.4bp. Advance GDP data, durable goods orders & weekly jobless claims headline the U.S. data docket today, with a 7-Year Tsy auction also due.
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.