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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 steady to mildly mixed...>
US TSYS SUMMARY: Tsys trade steady to mildly mixed into midday, well off late
morning highs to near midrange ahead the FOMC policy annc at 1400ET (no change
expected, no conf or SEP at this meeting). Little/no react to ADP private employ
data +204k (+235k whisper; Mar down-revised to +228k from +241k).
* Tsy qtr refunding +$1B increases across curve: $31B 3Y, $25B 10Y, $17B 30Y
- US$ index notched higher after quiet open (DXY +.179, 92.628; US$/Yen 109.91
after topping 110.0 briefly) some cited US Pres Trump could be subpoenaed by
special counsel Mueller. Equities mildly weaker (emini -6.75, 2645.5; Gold
firmer (XAU +1.70, 1305.61); West Texas crude mildly higher (WTI +0.25, 67.49).
- Heavy block buys FVM (+34.6k 113-11.5 avg) likely vs. -6,831 OEM (Jun Bobl) at
130.92 -- adds to last wk super-sized blocks betting on Tsy ylds to decline
relative to Germany.
- Eurodollar futures, mildly lower, better sellers short end prior to 3M LIBOR
set/rebounds +0.0092 to 2.3629% (+0.0049/wk) w/sellers EDM8 from 97.64-.625.
Decent Eurdlr option volume, larg accts selling long puts out.
- Tsy ylds: 2Y 2.508%, 3Y 2.652%, 5Y 2.816%, 7Y 2.930%, 10Y 2.970%, 30Y 3.133%
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.