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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
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Free AccessTraders are cautiously optimistic on.....>
US TSYS/3Y: Traders are cautiously optimistic on demand at 1pm ET US$24B 3Y
auction amid nomination of status quo Fed Chr Powell, relatively small auction
size, and some safe-haven bid amid Mideast/ N.Korea on/off jitters. So US buyers
were expected to show up at wjith also some foreign/Asian buyers (though some
other foreign/Asian accounts may be tempted to do US dollar FX basis lending
instead.)
- "It will be fine," said one trader. "It is not a big issue. It will come plus
or minus 0.3% of a bp from where it is at the auction time."
- Nomura analysts cited Powell and "attractive" vol adjusted carry/roll on front
end as 3Y pros, but "wide" FX Basis and "slowing" foreign central bank buying in
Tsy could hurt bid.
- JPM analysts expected 3Y to go "without a problem" and noted Oct foreign
demand rose 5.8%-pts m/m in Oct to 20.6% from "weak" 14.8% Sept.
- HISTORY: Oct $24B 3Y auction drew a 1.657% yield, and 54.3% indirects, 7.1%
directs and 38.6% primary dealers; 2.83 Bid/cvr (2.7 Sep, 3.13 Aug)
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.