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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 AccessMNI: Japan Govt Keeps Economic Assessment, Ups Imports
MNI EUROPEAN OPEN: CAD, MXN Weaken On Tariff Threat, JPY Firms
The UK's Debt.............>
UK T-BILL AUCTION PREVIEW: The UK's Debt Management Office (DMO) re-open 1-month
Sep 18, 2017 T-bill for Stg2.0bln, re-open 3-month Nov 20, 2017 T-bill for
Stg1.5bln and issue a new 6-month Feb 19, 2018 T-bill for Stg2.0bln Friday.
- BACKGROUND: T-bill issuance continues to climb, and is the highest this
financial year, probably highlighting a deteriorating set of government finances
and is likely to push yields higher at today's auction.
- REDEMPTION: There is a T-bill redemption of Stg2.0bln on Monday, leaving net
cash flow positive to the tune of Stg3.5bln, which is also seen weighing on
demand.
- HISTORY: For comparison, at the last UK T-bill auction on Aug 11, the DMO sold
Stg1.5bln 1-month T-bill at average yield 0.148% cover 2.05 times, Stg1.5bln
3-month at average yield 0.1545% cover 2.38 times, and Stg2.0bln 6-month at
average yield 0.186% cover 3.50 times.
- TIMING: Results are due to be announced at around 1005GMT.
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.