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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 AccessTreading Water Ahead Of Payrolls, ISM Services And First Post-FOMC Fedspeak
- Cash Treasuries for the most part sit at the higher end of very narrow intraday ranges after a late open following a Japan national holiday.
- The belly outperforms sitting 0.5bp richer, whilst the long-end underperforms with 30s almost 2bp cheaper. 2s10s sit near unchanged at -33bps after yesterday’s sizeable flattening for levels last seen on Oct 18.
- TYZ3 at 107-17 is off earlier highs of 107-19, on decent cumulative volumes of 270k considering the aforementioned holiday. It has entered a key resistance zone between the 20- and 50-day EMAs, with next resistance eyed at 107-28 (Nov 2 high).
- Data: Payrolls headlines at 0830ET (see the MNI preview here) but there could be sizeable market impact from ISM Services at 1000ET. We also see the finalized S&P Global services and composite PMI at 0945ET.
- Fedspeak: Barr at housing conference (0800ET), Barkin on CNBC (1000ET), Kashkari in leadership discussion (1245ET), Barr in moderate discussion (1530ET) and Bostic on BBG TV (1530ET).
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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.