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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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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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About Us
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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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
Swiss Officials Will Provide Liquidity to Credit Suisse
- US rates surged higher Wednesday, breaching Monday's highs by midday on the back of softer than expected data and a sharp sell-off in European banks overnight, particularly Credit Suisse with Knock-on pressure experienced by BNP Paribas and Societe Generale.
- Rates scaled back support later in the session on reports that Swiss officials FINMA will provide liquidity to Credit Suisse after shares fell approximately 30% earlier.
- Exceptionally wide ranges (front Jun'23 SOFR futures halted for 2 minutes after hitting 50Bp range circuit breaker) and heavy volume on the day as front month Tsy futures extending highs after lower than expected PPI (MoM -0.1% vs. 0.3%; YoY 4.6% vs. 5.5% est), Empire State -24.6 vs. -7.9 expected, Retail Sales in line (-0.4%).
- Yield curves see-sawed higher as short end support outpaced bonds in the first half, 2s10s climbed to -29.397 - highest since mid-October, front month 2Y futures tapped 104-01.62 high w/ 2Y yields back below 4% at 3.7115% low (vs. 4.4070% overnight high).
- Short end rates, meanwhile, have gone back to Monday's implied hike levels anticipating rate cuts by mid-year, December cumulative at -84.0 to 3.741 while Fed terminal rate running at 4.835% in May.
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.