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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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Treasuries have moved lower early...>
US TSYS SUMMARY: Treasuries have moved lower early Tuesday but not quite as much
as might be expected given another rally in stocks (S&P eminis up 1.2%).
- Jun TY futs down 1.5/32 at 138-19.5; tight range (L: 138-17 / H: 138-23)
- No headline catalyst: have seen usual correlations break down with Govvies
remaining supported, USD weaker and gold/oil stronger simultaneously. Some point
to month-end dynamics but not clear.
- The 2-Yr yield is down 0.9bps at 0.2131%, 5-Yr is down 0.2bps at 0.4019%,
10-Yr is down 0.2bps at 0.6587%, and 30-Yr is down 0.9bps at 1.2471%.
- Mixed on corporate earnings front, with several big names withdrawing 2020
guidance (3M, Pepsi). Equity market unfazed.
- The two-day FOMC meeting gets underway today (we sent out our preview late
afternoon ET Monday, contact us if you'd like to see it).
- In data, 0830ET is advance goods trade/inventories for March. 1000ET sees Apr
Conference Board confidence and Apr Richmond Fed Mfg Index.
- In supply, 1130ET sees $22bln in 2-Yr FRNs auctioned, with $35bln in 7-Yr Tsys
selling at 1300ET.
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.