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Why MNI
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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 Access*** Rather disappointing trade so......>
US TSY FLOWS: *** Rather disappointing trade so far, anemic volume w/appr 350k
TYU since the open adding to 250k overnight. Mkt overreacted to data, "mainly
because wages didn't meet expectations, and the U/E rate nudged higher to above
4.00%," one trading desk said. Others posited algo related buying caused post
data spike (only picking up on the AHE figure). Take away the post-data gap high
and Tsys currently see-sawing off highs, traders eyeing the exits already to
finish up the 4th of July holiday week off floor. Note, just two weeks until the
Fed speaker blackout period resumes (July 21-Aug 2), rate hike NOT expected at
the Jul 31/Aug 1 FOMC meeting, rate hike chances at the September 25-26 FOMC
meet holding around 83.9%, December 18-19 FOMC chances of 4th hike at 45.4%
(MNI-PINCH model).
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.