-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA OPEN: Trade Deficit, Tariffs and Debt Limits
MNI ASIA MARKETS ANALYSIS: Tsy Yields Rising Ahead Year End
MNI China Daily Summary: Friday, December 27
MNI US OPEN - Gaza Ceasefire Deal at Risk, Israel Shifts Focus
Tsys Nearing Technical Support Ahead FOMC, Month End, May Day Holiday
- Treasury futures gap lower after higher than expected Employment Cost Index (1.2% vs. 1.0% est, 0.9% prior), holding lower levels after much lower than expected MNI Chicago PMI comes out at 37.9 vs 45.0 est (41.4 prior).
- Broader macro considerations will have to wait until Thursday’s Q1 preliminary release for productivity. Strong productivity gains have offset labor costs in recent quarters but consensus sees productivity growth tailing off to 0.7% annualized in Q1.
- Futures extended lows into the close, Jun'24 10Y marking 107-13 low, still above initial technical support at 107-04 (Low Apr 25).
- Focus turns to Wednesday's FOMC announcement with Chairman Powell discussing guidance 30 minutes later. That said May Day holiday in Europe tomorrow, closings inconsistent across markets and asset classes (Eurex closed, but not ICE: Gilts re: FI) - that may be exacerbated by month end squaring.
- Projected rate cut pricing continued to recede vs. morning levels: May 2024 -1.0 vs. -2.1% earlier w/ cumulative -0.3bp at 5.326%; June 2024 at -6.6% vs. -10.6% w/ cumulative rate cut -1.9bp at 5.310%, July'24 cumulative at -5.1bp, Sep'24 cumulative -12.6bp.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.