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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
###POV - BREXIT SHORT SQUEEZE: The............>
GILTS: ###POV - BREXIT SHORT SQUEEZE: The combination of rising prices and
falling open interest suggests short covering in Gilt futures was prevalent
Thursday amid Brexit-related volatility - but structural shorts remain.
- Dec18 future Open Interest dropped 0.97% Thursday (the biggest drop since Oct
12), while the price rose 1.12% (a contract high).
- Open Interest on Wednesday was 822,323, highest since early September
following the roll; it ended Thursday at 814,323.
- Our MNI Pi indicator suggests that as of close Thursday we were still around
the biggest structural net shorts on Gilts since June.
- For chart see: https://tinyurl.com/MNI-GILTPOSNOV18
- This suggests that a continued short squeeze could still be in the offing.
- Our positioning indicator update on Nov 5 had suggested Gilt shorts had been
building (9% surge in open interest in in the preceding two-week period, amid
falling prices - see: https://tinyurl.com/MNI-PI-06112018)
- Next full Europe MNI Pi positioning update comes out on Tuesday 19 Nov.
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.