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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 AccessTreasuries have traded in a.........>
US TSYS SUMMARY: Treasuries have traded in a pretty tight range to begin Friday,
albeit on decent volume (311k TY futs), with the long weekend looming.
- Mar 10-Yr futures (TY) up 0.5/32 at 129-05.5 (L: 129-02 / H: 129-06).
- Biggest news overnight was strong China econ data which helped depress the
global FI complex (following the curve steepening seen after the Treasury
announcement of 20-Yr issuance in H120).
- Curve remains steeper: 2-Yr yld -0.9bps, 10-Yr +0.7bps, 30-Yr +2.1bps.
- Risk remains on (S&P Eminis up another 0.2+%) but the downward pressure on
global bonds has abated, particularly after 0430ET when a big downside miss in
UK retail sales boosted odds of a BoE cut, buoying Gilts, Tsys on the follow.
- Decent slate of data Friday ahead of a dearth next week: Dec housing
starts/building permits at 0830ET; then 0915ET sees Dec industrial prod.
- Then at 1000ET: Nov JOLTS and prelim UMich survey.
- The last scheduled FedSpeak before the pre-FOMC blackout period (starts
tonight) comes from Philly`s Harker at 0900ET (we`ve heard from him already this
week), then at 1245ET we get Fed VC Quarles on bank supervision.
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.