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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 BRIEF: Trudeau To Keep Working As Opposition Seeks Ouster
RBA Day, Cheaper Overnight
YM and XM operate a little above their overnight lows in early Sydney trade, dealing -5.0 and -7.0, respectively, after wider core global FI market moves biased the space lower in post-Sydney dealing.
- Wider cash ACGBs have seen 5-7bp of cheapening across the curve, bear steepening.
- Bills run 5-12bp cheaper through the reds, also bear steepening.
- The latest RBA monetary policy decision provides the major regional risk event today. A 25bp hike is the consensus view of economists after last month’s slowing in the pace of tightening, while RBA dated OIS currently prices in ~32bp of tightening come the end of today’s meeting (See our full preview of that event here)
- Caixin manufacturing PMI out of China will present a point of interest from the wider Asia-Pac region, although the impact from the RBA decision is set to dominate.
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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.