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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 AccessSpds running mildly wider, spd curve.......>
US SWAPS: Spds running mildly wider, spd curve flatter, modest paying in 2s, 5s
and 10s over last hour; 5- and 10yr spds 2-3bp wider, appr 4-week highs. Latest
spread levels:
* 2Y +0.38/23.31
* 5Y +0.62/8.00
* 10Y +0.50/-3.38
* 30Y +0.44/-33.25
Wednesday recap: Spds hold wider by the bell, intermediates lagging wings
slightly. Despite another round corp supply ($19.6B vs. $18.5B on Tue), not all
swapped, safe-haven/risk-off tone also never far from front burner, mkts still
w/hair trigger to any word of growing tension w/N Korea. Flow included deal-tied
paying, spds should recede after some issues price, modest 2-way in the
intermediates. OTC and exchange traded option vol receded on the debt ceiling
extension news, trade mixed but with some decent tactical put buying (not rate
hike positioning as chances of a hike before year end remain low: Sep and Nov
0.0, Dec at 26%, MNI PINCH).
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.