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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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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Testing next resistance in Yield terms
- Bund is still under pressure overnight and into the cash open despite showing 4 ticks up going into the Cash open.
- The overnight session overall has been far more subdued, with low volumes across core Govies and Rate markets.
- Risk is tilted to the downside, but Bund found support at the initial resistance in Yield, noted at 2.326% Yesterday, printed a 2.326% high Yesterday, with a 134.15 low.
- Immediate support is at the initial 134.15/134.05 area.
- Below the latter, opens to 133.69.
- Resistance is at 134.92/134.94.
- There's no notable data out of Europe for today, and on the other side of the Pond, only sees US IJC, as the only notable release.
- ECB will publish its account of the December Meeting.
- SUPPLY: Early focus will be on Supply, Spain 3s, 7s, 15s, {fr} France 4s and 5s plus linkers. US also sells $18bn of 10y TIPS.
- SPEAKERS: Fed Bostic (x2), ECB Lagarde.
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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.