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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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Global Macro
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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 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
*** Tsy futures finally gained......>
US TSYS SUMMARY: *** Tsy futures finally gained traction/held gains after a
choppy start to session, 10Y yld 2.428% vs. session high of 2.475%.
Gold, oil and equities all trading higher by midday (emini currently +15.5,
2577.0).
- Tsy futures traded lower following higher than expected US flash Q3 GDP
(+3.0%), heavy selling in TYZ from from 124-11.5 down to 124-09. Buyers stepped
in to buy lows following softer 100.7 Oct BBG/Michigan consumer sentiment. Prop
and fast$ accts bought intermediates, real$ buying 10s as bounce gained
traction, additional buying on softer US$ vs. Yen.
- Other factors supporting rates: news that Catalonia officially declared
independence from Spain while Bloomberg reporting that Pres. Trump favored
Jerome "Jay" Powell as his next Fed Chair. Decision on appt expected next wk
before Pres Trump travels to Asia on Nov 3, the latter spurred heavy buying in
TYZ from 124-16 to 124-19.
- Tsys pared gains midway through second half, position squaring ahead weekend,
next wk's FOMC (no-change exp), while Nov Tsy options expire today.
To read the full story
Sign up now for free trial access to this content.
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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.