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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 AccessTreasuries declined Tues tracking...>
US TSYS SUMMARY: Treasuries declined Tues tracking UK Gilts lower (10Y Gilt yld
+whopping 9.9bp on day), German Bunds too. That on EGB supply, plus as ECB
Coeure in Dec30 Caixin interview cited "reasonable chance that bond buying would
not be extended."
- Tsys began NY weaker, steeper after overnight UK action (Tokyo closed until
Thu.) The market then saw mild dip buying. Then Tsys drew more sales on firmer
55.1 US Markit Dec manfctrng PMI, corporate rate-lock hedges as US high-grade
bond issuance revived.
- Tsy futures: 10:43am ET sell-thru block of 3,521 UXH (Mar 10Y Ultra), sell
through at 133-01; followed Fri block buy +3,500 Mar 10Y Ultras at 133-18.5.
- Fast$, prop acct sales in US Tsy 5Y and 10Y; program sellers joined real$
sellers in 10Y, 30Y; 5/30Y steepeners/flattener unwinds. Fast$ bought lows in
2s, 5s; rate receivers in mix as swap spreads ground in tighter.
- Late morning sales in 10Y Tsy futures TYH from 123-23 to 123-20.5. Ultra Bond
futures slid: off 2-10/32. TIPS underperform.
- US Eurodlr futrs: sale before 12:40pm ET: 14,000 EDM, 98.045.
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.