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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Tsys traded strong in lead-up to....>
US TSYS SUMMARY: Tsys traded strong in lead-up to May FOMC minutes release,
showed little react to dovish/less hawkish tone (depending on viewpoint, as
others see "symmetry" as being "pre-emptively hawkish") with multiple mentions
of symmetrical objective, willingness to let things run hot. Still digesting
mention of tweaking IOER.
- Tsys rallied, curves bull flattened, late chop in long end, 10YY slipped below
3.0% briefly (3.0045% late). The USD index stronger (DXY +0.389, 93.997) but US$
vs. Yen -0.76, 110.14 vs. 109.56L on improved Japan outlook; stocks rebound
(emini +1.5, 2727.5); West Texas crude softer (WTI -0.48, 71.72 vs. 71.19L);
gold firm (XAU +2.66, 1293.80). Heavy futures volume on large Jun/Sep rolling
- Rates held gains on relative narrow range as mkts awaited the minutes release
after concerted/broad-based risk-off this morning w/ Italy, Turkey, China trade,
EM stress, NKorea summit delay talk, weak German/UK data all contributing to
theme; long end-lead Tsy rally, curves (mostly) flatter, US$ climbing.
- Tsy cash/ylds: 2Y 99-30 (2.532%), 5Y 99-19.75 (2.832%), 10Y 98-28 (3.004%),
30Y 99-04.5 (3.169%)
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.