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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 UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
*** Rates holding mostly higher.....>
US TSYS SUMMARY: *** Rates holding mostly higher after midday/off highs on
decent volume (TYH>1.4M), curves flatter/off lows, Tsys pared gains, after $7B
30Y TIPS auction, 2bps tail, awarded 1.003% rate vs. 0.995% bid.
- Certainly the quietest day of the wk despite large flurry of data, not a good
sign for an active Fri w/traders eyeing exits heading ahead extended holiday
weekend, Chinese New Year holiday's to temper next wk's volume
- Prior to auction, Tsys receded off higher as US$ bounced vs. Yen on back of
Nikkei headlines "Japan Is Said to Consider Wakatabe for Senior BOJ Post:
Nikkei" Wakatabe has advocated for bolder monetary easing, USD/YEN 106.80 from
around 106.25.
- Wkly claims +7k to 230K vs. 280k est, PPI +.4%, inflation exp tempered by Jan
IP dip to -.1% vs. +.2% est.
- Flow included fast$ buyers in 10s, bank buying 30s post IP, fast- and real$
sellers in 10s near highs, mixed curve flow included 2s10s steepeners fading
move, 5s10s flatteners. Heavy option volume hedging quarterly rate hikes w/front
end well offered.
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.