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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 AccessThe UST 10Y reached its lowest......>
US TSYS SUMMARY: The UST 10Y reached its lowest yield since last November at
2.06% yesterday as concern surrounding Korea intensified. This morning has been
devoid of fresh news regarding North Korea and the Tsy rally has faded. The S&P
mini futures index has risen 0.1%, the yen has stopped appreciating and gold is
off its highs.
- It is a modest retracement on Wednesday, with the 10Y UST only 1bp above
yesterday's lows at 2.073% and other tenors are moving higher by less.
- Cat 5 hurricane, Irma has seen models change the path of the storm so it hits
Florida on Sunday while still a Cat 4 storm.
- There has been little movement in the bill market this morning as the market
approaches the debt ceiling issue.
- With the Treasury rally on Tuesday, the 2-10Y UST spread reached its flattest
since 2008 at 77bp yesterday; both 2-5Y and 5-10Y spreads are pushing limits. By
contrast, the 10-30Y spread is close to its steepest since mid-June at 62bp.
- Later today, the highlight will be the ISM non-manufacturing index at 1000
Eastern.
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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.