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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 AccessTreasuries Little Changed In Early Trading
- Treasury futures are little changed in the first few hours of trading, the 10Y is trading at 107-31, just off overnight highs of 107-31+ a break above here and we would look to tests the highs made as GDP was announced on Thursday.
- The trend outlook in Treasuries is unchanged and the direction is down. The contract traded to a fresh cycle low Thursday Initial resistance is 108-15+ (20-day EMA), while to the downside, initial support is at 107-04 (Apr 24 low).
- The cash treasury curve is little changed this morning with the 2Y yield -0.6bps to 4.970%, 10Y -0.4bps to 4.609%, while the 2y10y unchanged at -36.524
- Across local rates markets: NZGB yields are 3-4bps lower & ACGBs 3-4bps lower, while JGBs are flat to 2bp lower
- Looking ahead: Employment Cost Index, FHFA House Price Index, MNI Chicago PMI & Conf. Board Consumer Confidence later today, while major focus will turn to FOMC on Wednesday
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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.