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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 AccessTD Initiates Long 9Y TIPS Breakeven Recommendation
In a note today, TD initiates a long Jul 2029 (TII 0.25% Jul-29 vs nominal 1.625% Aug-29 Tsy) in their Global Rates Model Portfolio, saying they like the risk-reward of owning 9Y BEs. They cite the potential for strong economic data in the coming weeks; a dovish Fed; and suggest that 9Y is cheap on the TIPS BE curve.
- "The risk to the trade is if the Fed signals tapering soon, but we believe it is too early for the Fed to strongly hint at an exit to QE".
- Initiated at 254bps, with a target of 270bps and a stop-loss of 235bps.
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.