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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
*** Thin pre-holiday markets on.....>
US TSYS SUMMARY: *** Thin pre-holiday markets on low volume (TYH<650k) has Tsys
trading mixed, long end trading strong but off recent highs. Little react to
weekly claims +20k to 245k; mkt awaiting 5Y TIPS. Small reprieve for yld curve
-- flatter after steepening all week. Latest curve update:
* 2s10s -2.746, 60.872 vs. 63.898H
* 2s30s -4.676, 96.909 vs. 101.852H
* 5s30s -4.038, 59.810 vs. 64.413H
- Early pre-leading indicator flow included real$ selling 5s and 10s, buying
off-the-run 2s and 3s, fast$ doing flatteners in 5s vs. 10s and 30s. Long end
continued to forge higher late morning with real$ buying long end futures and
cash Tsys esp. 30y bond.
- Tsys had mirrored core EGBs coming into the NY session, opened bid but pared
gains to steady/mildly lower soon after, following core EGB's lead into
midmorning. Levels rebounded w/Bunds, prop and real$ buying 10s and 30s after
fast$ selling in intermediates.
- Swap spds mildly wider light 2-way in 2s-5s, payers in 2s, flattener unwinds.
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.