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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 AccessMNI Gilt Week Ahead
MNI POLITICAL RISK - Trump Rounds Out Cabinet Nominations
MNI POLITICAL RISK ANALYSIS - Week Ahead 25 Nov-1 Dec
Treasuries drifted lower amid ongoing.......>
US TSYS: Treasuries drifted lower amid ongoing post-auction redistribution sales
after okay 3Y auction but mixed/weak 10Y auction. Tsys also pressured as US
stocks firm up a bit.
- "We did not do much of a setup for these auctions," commented one veteran
trader. With two coupon auctions so close together on one day, the pre-auction
shorts and setup were difficult to put on, given that the market early Monday
was having a safe-haven rally amid fears after the bomb blast around the Port
Authority Bus Terminal in NYC midtown, said traders.
- But the Tues 30Y bond reopening auction should have a clearer setup, so some
traders might be putting on pre-auction shorts right now heading into that.
- In other action, traders confirmed that the US$/yen firmed up, which spurred
some FX-tied selling in US Treasuries. But all in all, traders said the market
had some "apathy" as all awaited the central banks' meeting this week, which
include the FOMC Tues-Wed meeting expected to result in a 25-bps rate hike; that
meeting will also have the post-auction briefing news conference by outgoing Fed
Chair Yellen.
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.