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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 AccessThe bid in Tsys evaporated late on.....>
US TSY/RECAP: The bid in Tsys evaporated late on Wednesday, as the space
extended to fresh session lows amid market chatter that U.S. Pres Trump received
trade concessions from Europe, agreeing to work towards lowering industrial
tariffs, which was confirmed, with no fresh tariffs to be implemented during the
negotiation period. The EU has also pledged to buy more U.S. soybeans & natural
gas. This came after talk surrounding auto tariffs/senators planning a bill to
delay Trump's touted auto tariffs put a bid into the space.
- The 5-Year auction stopped through by 1.0bp, with the cover ratio holding up
and dealer takedown edging lower as indirect participation improved.
- T-Notes continue to operate just above worst levels, with Nasdaq futures under
pressure after a Facebook provided a disappointing outlook.
- The Eurodollar strip moved lower, alongside Tsys going out at/near lows.
- Focus is on Thursday's 7-Year auction ahead of Friday's U.S. GDP release.
- T-Notes last at 119.12, U.S. 10-Year cash Tsy yield closed at 2.975%.
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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.