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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 AccessTsys ratchet higher, extending late....>
US TSY FLOWS: Tsys ratchet higher, extending late overnight highs in lead-up to
NY open, supported as equities reversed earlier gains, chop lower/bouncing
(-17.0 last at 2396.5, 2390.75L). Mkts thin/illiquid amid very light holiday
volumes (TYH<145k) on shortened Christmas eve session (CME floor trade close at
1300ET, GLOBEX at 1315). 30YY back below 3%, 2.9972% last.
- No specific trigger for reversal in stocks, appeared to coincide with NY crew
rolling in, taking advantage of firmer prices to square up. Trading desks still
expressing angst over weekend headlines: Trump asking advisors if he could fire
Fed Chair Powell, Tsy Sec Mnuchin meeting w/6 top biz execs.
- Very light overnight trade, better bid in intermediates to long end over last
hour, props +10s, foreign acct buying 10s and 30s, light steepener interest
earlier in 2s vs. 5s and 10s.
- Swap spds tighter across the curve, light spd curve steepener and rate
receiving in 5s.
- Tsy cash/ylds: 2Y 100-07.75 (2.618%), 5Y 101-07.75 (2.603%), 10Y 103-04.5
(2.758%), 30Y 107-13.5 (2.996%)
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.