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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
Recapping recent events roiling FI and FX...>
US TSYS: Recapping recent events roiling FI and FX markets:
- Flash crash in US$/Yen early Wednesday evening down to 104.87 (currently
107.79); 10YY fell to 10.62% on sharp risk-off rally that ensued. Extraneous
contributing factors:
- Slowing global growth, drawdown in inflation expectations, pick-up in research
weaker global PMIs
- Increased pressure on money market pricing
- Note the Secured Overnight Financing Rate (SOFR): 3.15% vs. 3.00% prior,
$1.092T NEW VOLUME HIGH
- Equity tie-in: AAPL sell-off -- China boycott of Apple products in China
(perhaps not surprising given $1000 cost of latest and greatest. Additional
chatter of retaliatory action (official/unofficial) tied to Huawei/ZTE, and
exacerbated by ongoing trade war.
In light of the above factors, some accts are fading this mornings post ADP
react, buying the dip in rates, adding to further risk-off insurance ahead Fri's
Dec employ data.
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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.