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- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
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Free Access### POV: GO FOR THE GUSTO: BUY LONG-END.....>
US TSYS: ### POV: GO FOR THE GUSTO: BUY LONG-END US TREASURIES:
- Long end Treasuries should see more demand near-term/in 2018 amid tame
inflation pressures amid 0.1% November core CPI out Wednesday. Longer Treasuries
should also see buy-and-hold investor demand amid pension funding needs: many US
pensions are under-funded so they need to crank up the buying into the yrend
(won't be as much tax benefit for same moves in 2018 due to lower US corporate
tax rate).
- Long-end Tsys will be needed as funds esp. hybrid funds need to rebalance
after US stocks rallied in 2017. (Hybrid funds often have a 60% stocks/40% bonds
allocation, so that means with DJIA +25% year-to-date and Nasdaq +28%, funds may
have to sell US stocks/buy US$ bonds to get back that allocation.)
- And traders may want long end Treasuries as Tsy will beef up issuance in
T-bills through 5-yr notes. (JPM expects $456B net T-bill issuance in 2018.)
- And 30-yr bd demand cld outperform front end in 2018: FOMC 2018-2019 rate hike
agenda shd prevent inflation from busting through key 2%, or holding above in
intermed term.
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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.