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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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Free AccessMNI US Macro Weekly: Politics To The Fore
MNI Credit Weekly: Le Vendredi Noir
Treasuries Twist Flatten Ahead Of Payrolls
- Cash Tsys have twist flattened ahead of payrolls after yesterday’s large sell-off across the curve on the BoE and ECB, pushing 2YY briefly to new pandemic era highs.
- 2Y yields +2.1bps at 1.217%, 5Y -0.3bps at 1.667%, 10Y -1.2bps at 1.818% and 30Y -2.4bps at 2.129%.
- TYH2 is at the high end of today’s range at 127-21 on above average volumes, but remains at the low end of the weekly range after falling 17+ ticks between the BoE announcement and the end of the ECB press conference.
- Data: The sole focus today is payrolls at 0830ET. Bloomberg consensus has an increase of +125k in Jan but risks are seen to the downside, with the dealer median of +75k and a Bloomberg whisper now at 0k. Unemployment and participation rates remain key to watch, expected to be flat.
- No Fedspeak currently scheduled for today.
- No Tsy auctions or NY Fed buy operations today.
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.