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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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Free AccessReally decent futures volume by........>
US TSY FLOWS: Really decent futures volume by midday (TYZ>1.7M) but pace has
slowed since London went home. Rates trade higher, off late morning highs
(trimmed gains as equities bounced off lows, buy program suspected).
- Risk-off tone as rates chopped higher after the open/equities sold off (SPX
2703.75L). Well below exp September new home sales -5.5% to 553k SAAR also
supportive. Ongoing exogenous factors: Italian budget angst and hard Brexit
concerns.
- Flow through midday included various acct sellers of 10's, forward rollers
into WI 5s, fast$ 5-30 flatteners fading two-day move. Moderate deal-tied flow
and pre-auction short sets ahead the $39B 5Y auction. Heavy option volume w/flow
more mixed after better upside call buying Tue.
- Fed's Kaplan sees three hikes through end of 2019. Of note,
- Tsy cash/ylds: 2Y 100-01 (2.855%), 5Y 99-19 (2.962%), 10Y 97-29 (3.122%), 30Y
93-20 (3.338%).
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.