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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
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Emerging Markets
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Commodities
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Credit
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Data
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Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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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: PBOC Net Drains CNY68.6 Bln via OMO Thursday
POSCO (POHANG, Baa1/A-/NR) S.Korea to respond to U.S. tariffs
Longfor (LNGFOR: Ba3Neg/BB-Neg/BBNeg) clarifies profit warning
US TSYS: Sentiment Buoyed After Mixed November Jobs Data
- Treasuries look to finish near early session highs, curves steeper (2s10s +2.126 at 5.135) with short end rates outperforming after this morning's better than expected jobs gain (+227k vs. 220k est) even as the unemployment rate inched up to 4.2% from 4.1%. On net, the data reinforced the view of a resilient labor market despite gradual cooling - which in turn supported expectations of more rate cuts by the Federal Reserve.
- Steeper post-data curves buoyed projected rate cuts into early 2025 vs. pre-data (*) as follows: Dec'24 cumulative -22.2bp (-17.1bp), Jan'25 -29.7bp (-24.0bp), Mar'25 -46.6bp (-38.6bp), May'25 -56.4bp (-48.1bp).
- Meanwhile, the preliminary U.Mich consumer survey for December saw sentiment firm a little more than expected at 74.0 (cons 73.3) after 71.8. Components were mixed though, with a much stronger than expected increase in current conditions (77.7 vs cons 65.2 after 63.9) at the expense of expectations (71.6 vs cons 77.7 after 76.9).
- Reminder, the Federal Reserve enters their self-imposed blackout at midnight tonight through December 19, the day after the final FOMC policy announcement for 2024. Focus turns to next week's CPI and PPI inflation data on Wednesday and Thursday respectively.
To read the full story
Sign up now for free trial access to this content.
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.