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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 AccessTight Asia Trade Ahead Of NFPs
A muted pre-NFP Asia-Pac session saw a modest early bid on the back of the dynamics that supported most of the Tsy curve on Thursday, with a sprinkling of regional worry surrounding the Taiwan situation also thrown in. The space then moved away from best levels as the Democrats came to an agreement re: the overarching finalities of the Inflation Reduction Act (voting, technicalities and the view of the Parliamentarian re: several matters will likely be addressed over the weekend/in the coming days), before the latest round of Chinese incursions surrounding Taiwanese borders in the Taiwan Strait provided some modest support.
- TYU2 deals in the middle of an 0-08 range into London hours, -0-03 at 120-20+, on sub-standard volume of ~45K lots. Cash Tsys sit 0.5bp richer to 0.5bp cheaper across the curve.
- Looking ahead, the aforementioned labour market report headlines the NY docket today (click for our full preview of that event), with comments from Richmond Fed President Barkin (’24 voter) also due.
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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.