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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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Free AccessMNI EUROPEAN MARKETS ANALYSIS: US Yields Tick Up, JGBs Steady
MNI: PBOC Net Drains CNY248 Bln via OMO Tuesday
Pushing To Fresh Highs For The Session
After a limited start T-Notes have managed to extend to fresh session highs, presumably on some worry surrounding the Chinese growth trajectory in the wake of the previously flagged Chinese PMI releases. The contract last prints +0-06 at 134-20+, 0-00+ shy of best levels. Technical resistance is located at the 20 July high/bull trigger (135-07). The previously outlined twist steepening of the curve remains evident, with 5s leading the richening (last ~1.5bp firmer), while 20s and 30s now print a little further off of their intraday cheaps (0.5bp cheaper on the day last). There hasn't been much in the way of notable market flow to comment on.
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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.