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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 AccessKey Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
Strong German Auction Fails To Have Lasting Impact
Bunds extended higher following a very good 30-Yr auction (BBG reports the 2.9x Buba cover was highest since 1997), with small tail and weighted avg price 101.53 well above 101.32 pre-auction mid.
However 30-Yr yields are now higher vs pre-auction, and RXU0 failed to breach resistance at 178.01, reversing course after midday and hitting session lows.
Against this backdrop, peripheries weakened, with the Italian 10-Yr BTP spread continuing to flirt with the 140bps mark vs Bunds.
US Fed minutes for the July meeting will be eyed by most market participants today to set the global tone overnight, with attention also on US 20-Yr supply.** Latest levels:
- Sep Bund futures (RX) up 20 ticks at 176.63 (L: 176.42 / H: 176.87)
- Sep BTP futures (IK) up 21 ticks at 148.05 (L: 147.71 / H: 148.15)
- Sep OAT futures (OA) up 22 ticks at 168.64 (L: 168.4 / H: 168.85)
- Italy / German 10-Yr spread 0.1bps wider at 139bps
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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.