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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 ended Mon mainly............>
US TSY/RECAP: Treasuries ended Mon mainly weaker/flatter after drifting from
overnight highs, then ebbed more in early NY action, then tight range since
mid-session in the US. Tsys began NY higher, choppy early NY as markets digested
shifting German politics, tough for German leader Merkel to get coalition govt.
German Pres: wants various parties to try coalition again. Tsys black-box sales
as $ rose vs JPY. First selling wave started early in the US, another
midmorning.
- Traders nervous on 2018 rate hikes. GS expects 4 hikes; a head trader at
another firm said Fed dots now price 3 hikes for 2018, while Tsy priced in 1-2.
Some exit Tsys amid bes on tax reform, which cd aid US stks. House, Senate out.
- Tsy futrs had 9:31am ET block:5,000 TYZ at 124-26.5, crossed on offer. Cash
5/30Y, 2/10Y Tsys flatteners. Dec/Mar Tsys futrs roll picks up in earnest: heavy
volume. Dec Tsy options expire Fri. - US SWAPS: Mostly wider, curve steeper, 10Y
taps disinversion; 30Y spd closes in on -20: 2yr+ high.
- T-Notes up 1 tick in Asia at 124.23, 10-Year yield last 2.367%.
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.