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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 trades mixed after the bell,......>
US TSY FLOWS: Tsys trades mixed after the bell, off session lows on decent
volume (larger than avg volume occurred ahead of the NY open). Despite jump in
data releases -- rather muted trade the day after FOMC.
- Final leg wk's Tsy supply tailed (2 out of 3) Treasury prices trading narrowly
mixed after $31B 7Y auction awarded 3.034% rate vs. 3.030% WI (previous $31B 7Y
awarded 2.844%).
- Bid for Tsys left the building in early trade, extended session lows, yld
curves rebound/little steeper. unconfirmed chatter asset allocation, buying
equities/selling Tsys underscored late morning equity outperformance tempered by
month end extension/buying. Large block/crosses: Tsy curve flattener -20,893 FVZ
112-12.25 vs. +3,734 WNZ 154/07; Eurodollar futures +85k EDZ9/EDH0 at 0.025,
adding to appr +65k on screen -- ongoing theme as Reds remain off inversion
since last week. More modest two-way in second half, deal-tied hedging short end
- Political headline distractions from DC: SCOTUS hopeful Kavanaugh accuser
hearing. Note, China out next week for National Day holidays will dampen volume
a little.
To read the full story
Sign up now for free trial access to this content.
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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.