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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 prices open NY Mon.......>
US TSYS SUMMARY: Treasuries prices open NY Mon weaker, but off 3:48am-4:30am ET
session low, rebounding a bit amid 10Y futures buying and apparent delayed
reaction to Las Vegas shooting and Spain's Catalan independence vote.
- TOKYO: Tsys weakened at open, two-way in 10s Japanese acct selling in long
end. Asian end users bought 10Y, 30Y. Foreign central bank buying occurred
China, S.Korea have market holidays this week; still strong China PMIs hurt
Tsys. China cut bank required reserves ratio 50 bps.
- LONDON: Tsys had initial carryover selling by hedge funds in 10Ys, other
2/30Y, 3/30Y steepeners. But Tsys rebounded off low amid large buy in TYZ7
futures of 7,350 at 125-00 at 4:29am ET. Tsys aided too as Bunds improved as
peripheral EGB spread widened as hurt by Spain Catalan vote. Macro funds did
steepeners. End-users bought 2Y; 10Y 2way. Catalonia voted for independence, but
Spanish govt cld "impose direct rule," says Independent.
- OVERNIGHT REPO: Tsy 2Y notes loosen amid 2/5/7Y auctn settlemt Mon; 3Y,5Y
tight.
- US HIGH-GRADE CORPORATE/SOVEREIGN ISSUANCE: Nothing today yet.
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.