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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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Free AccessTsys trade softer w/equities firmer....>
US TSY FLOWS: Tsys trade softer w/equities firmer (and positive noise re:
China/US trade overnight; Canada bail hearing for Huawei exec resumes today,
however). Futures near low end overnight range on moderate volume (TYH>360k),
yld curves mostly flatter again. Salient data for Tuesday (estimates): Nov Final
Demand PPI (0.6% prior, -0.1% estimate), Fed in blackout through Dec 20; $38B 3Y
note auction (9128285R7).
- US Swap spds recovering slightly after gapping tighter late Mon (2Y down to
June 2016 lvls (-3.12 to 12.12). Appears short term funding pressure for banks
being felt earlier than normal headed into year end (though 1M LIBOR higher
again today +0.0118 to 2.4323% (+0.0321/wk). Some speculated compression
exacerbated by forced unwinds/deleveraging from Risk-Parity accts.
- Note, sovereign spds mildly mixed; GBP/US$ bounce off 18M lows (currently
+.00526 at 1.2617).
- Overnight flow includes pre-auction short sets', spec selling intermediates,
fast$ rate paying 5s. Tsy cash/ylds: 2Y 99-32 (2.752%), 5Y 100-19 (2.744%), 10Y
102-01.5 (2.884%), 30Y 104-13.5 (3.145%).
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.