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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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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
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
-
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
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 AccessMNI China Press Digest Jan 18: Property, Fiscal, Tax
MNI: PBOC Sets Yuan Parity Higher At 7.1174 THUR; -5.99% Y/Y
Preview $24B 20Y Tsy Auction Re-Open
Tsy futures are holding steady to mildly weaker in the short and long end of the curve -- holding narrow channel near session lows ahead Wed's FOMC policy annc.
The 20Y WI is trading around 2.135% to 2.130% vs. 5 month running average of 2.056%. Bond traders remain a cautious of 20Y auctions in light of past performances and affect on broader markets over the last few months:
- Tsys futures trade lower after weak $27B 20Y auction on May 19: drew a high yield of 2.286% vs. 2.275% WI.
- Tsys traded higher after a decent $24B 20Y auction reopening on April 16 drew a high yield of 2.144% vs. 2.150% WI.
- Tsys surged higher in a relief rally after the March 16 auction reopening traded strong: drawing a high yield 2.290% vs. 2.315% WI.
- Tsys gapped lower after he $27B 20Y auction on Feb 17 drew a huge 2.3bp tail: drawing 1.920% high yield vs. 1.897% WI.
The May auction indirect take-up was 56.72% vs. 58.72% in April (5M avg of 58.29%). Primary dealer take-up of climbed to 23.75% vs. 21.09% in April. Direct take-up remained slipped to 19.51% vs. 20.18% in April -- still well above 17.54% 5M avg .
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.