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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: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Risk on sentiment saw treasuries end...>
US TSY/RECAP: Risk on sentiment saw treasuries end lower on Monday with US
stocks still firm and tighter Portuguese sovereign debt spreads. Tsys saw mixed
flows and reversals of some pre-weekend safe-haven bid flow. Traders say volume
was half normal.
- Tsys were hurt by weaker German Bunds, FX-tied selling. Fast$ 2way flows,
real$ better buyers, macro funds were quiet (awaiting FOMC Wed.) Rate-lock
hedging vs high-grade corporate bonds; issuance sped up before Wed FOMC and
Thurs/Fri Jewish religious Rosh Hoshanah holidays. Jitters on Wed FOMC Fed
balance sheet reduction news, potential Dec rate hike views.
- US TSY FUTURES: Block buy 10:30am ET of 8,500 FVZ 5Y futures at 117-31, buy
through 117-305 offer at time. German Bunds hurt by 12,276 RXZ7 block trade, in
UK afternoon.
- US rate hike % remained at/near 0% for next 2 FOMC meetings but because of
strong short end sales (new lead quarterly Dec'17 Eurodollar futures), low delta
put buys rose, support implied and curve bear steepens.
- T-Notes open Asia up 1 tick at 126-03+, 10-Year yield last at 2.229%.
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.