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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 AccessTrading modestly higher, near late.....>
US TSY FLOWS: Trading modestly higher, near late overnight highs after weak
global PMIs, decent volume in TYH (>335k) while mkts await January employment
figures (+167k est). Curves giving back small portion late Thu steepening (after
heavy two-way flow triggered by -25k FVH block sale into NY close saw futures
tumble, stops triggered before buyers stepped in w/futures rebounding to set new
session highs).
- Overnight flow includes two-way in short end w/better real$ buying earlier,
spec and option acct buying 5s-10s, fast$ and prop acct selling 10s and 30s.
Little in the way of deal-tied flow, rather muted for wk w/$17.5B priced.
- Swap spds running mildly wider for the most part, 5s a touch tighter, spd
curve flatter on wk vs. rebound in Tsy curves. Sources note bank portfolio
paying shorts to intermediates.
- Tsy cash/ylds: 2Y 100-02.25 (2.459%), 5Y 100-09 (2.436%), 10Y 104-08 (2.627%),
30Y 106-15.5 (2.992%).
To read the full story
Sign up now for free trial access to this content.
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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.