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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 AccessTsy traded higher by the bell.......>
US TSYS SUMMARY: Tsy traded higher by the bell with volume (TYU 1.7M), curves
flatter; disconnect continues between the 10YY as it remains lower (-.0111,
2.9617) and US$/YEN remains higher (+.80, 111.84); US PCE, US Pers Inc, Pers
Spend, ECI all coming in line with expectations suggesting inf. is steady. MNI/
Chicago PMI much stronger than exp (65.5 JULY vs 62 Expected, 64.1 JUNE); US
Cons Conf stronger than exp (127.4 JULY vs 126 Exp); DXY stronger (+.144,
94.492); West Texas Crude (WTI -1.39, 68.74); Gold stronger (XAU +3.85, 1225.27)
-Headline out this morning "U.S., CHINA SAID TO SEEK RESTART OF TALKS TO DEFUSE
TRADE WAR"-BN led to risk on price action.
-Decent volume by midday belies rather muted trade since the open. Carry-over
support on narrow range, two-way flow after initial jump bid following BoJ
steady rate annc overnight. Deal-tied flow in the mix, Block buying Eurodollar
2Y bundles, Red packs, fast$ steepener unwinds, gamma hedging, position squaring
ahead Wed's FOMC (no rate change exp) and Fri's NFP (whisper +204k). Tsy
cash/ylds: 2Y 99-29 (2.669%), 5Y 99-18.75 (2.769%), 10Y 99-08 (2.962%), 30Y
100-25 (3.084%).
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.