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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS ANALYSIS: Treasuries Surge On Bessent And Oil
MNI ASIA OPEN: Israel-Hezbollah Ceasefire Cautiously Reached
Treasuries continue to grind........>
US TSYS SUMMARY: Treasuries continue to grind lower early Tuesday, with
non-manufacturing PMI set to feature later.
- The Mar 19 T-Note future is down 2/32 at 121-21, having traded in a range of
121-195 to 121-255.
- Curve a little steeper. The 2-Yr yield is up 0.2bps at 2.5385%, 5-Yr up 0.5bps
at 2.5402%, 10-Yr up 0.5bps at 2.7288%, and 30-Yr up 1bps at 3.0645%.
- Fairly little reaction to Fed news overnight, including comments from an
increasingly dovish/moderate Mester of the Cleveland Fed (non-2019 voter), and
Fed's Powell & Clarida meeting with with Pres Trump & Treas Sec Mnuchin.
- No Fedspeak scheduled for today, though Trump`s State of the Union address is
tonight.
- Notable flow overnight limited but has included 50k TYJ9 122.50/124.50 call
spread for '19 (ref TYM9 121`29/295).
- Non-manufacturing ISM reading (0945ET) is Tuesday's key data reading; is
expected to fall to 56.4 in January from a revised 58.0 reading in December.
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.