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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 BRIEF: RBA Holds, Notes Declining Inflation Risk
MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday
Treasuries Eye ISM & JOLTS After Large Bear Steepening
- Cash Tsys have been relatively subdued after yesterday’s large bear steepening, with the limited moves seemingly pinned by news of the latest localised lockdown in China, ahead of important data releases.
- 2Y yields are +1.2bps at 0.780%, 5Y +1.5bps at 1.369%, 10Y +1.1bps at 1.639% and 30Y -0.2bps at 2.021%.
- TYH2 has edged lower to 129-12+, after falling -1-00+ yesterday. It is testing a support level of 129-12+ (76.4% retracement of the Nov 24 – Dec 20 rally), a break of which could open the 128s (late Nov lows).
- Two significant releases ahead with ISM for Dec and JOLTS for Nov both at 1000ET/ 1500GMT.
- The JOLTS quits rate will likely be looked at particularly closely after Powell noted in the Dec FOMC presser that it “is really one of the very best indicators […] So on wages, that’s the price indicator we look at”.
- NY Fed buy-op: TIPS 1Y-7.5Y, appr $1.525B (1120ET)
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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.