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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 reversed early risk-on tone....>
US TSYS SUMMARY: Tsys reversed early risk-on tone (carry over from London trade
w/Bunds and Gilts weaker, sovereign spds tighter, equities firmer, crude hitting
multi-year highs) to finish at/near session highs.
- Decent action on shortened pre-holiday session, moderate futures volume (TYU
appr 975k), light data w/auto sales, factory orders, Redbook retail sales.
- US$ index little softer (DXY -0.182 to 94.689; US$/Yen -.35 110.55); equities
weaker, well off early highs (emini -12.5, 2715.75 vs. 2739.75H); gold firmer
(XAU +11.05 1253.05); West Texas crude reversed course -- off multi year highs
not seen since late 2014 (WTI -.17, 73.77, 72.73L/75.27H).
- Swap spds mildly wider for the most part, short end tighter since the open,
spd curve steeper vs. flatter yld curves. Light two-way flow on shortened
pre-holiday session: Earlier flow includes 2-way in 2s and 5s, better net
receiver in 5s and 2s/6s flattener, earlier receiving out the curve.
- Tsy cash/ylds: 2Y 99-30.25 (2.524%), 5Y 99-17.5 (2.721%), 10Y 100-11.5
(2.831%), 30Y 103-08 (2.959%).
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.