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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 AccessMNI US Macro Weekly: Politics To The Fore
MNI Credit Weekly: Le Vendredi Noir
Tsys trading broadly lower/off......>
US TSYS SUMMARY: Tsys trading broadly lower/off lows in second half, decent
volume, curves see largest rebound since May, 30YY >3.02% Jun 27 highs. Trump
effect hits US$, complains China & EU for manipulating currency.
- Tsys decouple from US$, however, selling off on word BoJ considering modifying
yld curve and rate targets, "allowing for natural rise in L/T rates." Ahead
open, US Pres Trump "ready" w/additional tariffs on $500B Chinese goods
backstopped rates & weighed on equities. Otherwise light data day, no react to
StL Fed Pres Bullard on MonPol ahead media blackout Sat.
- US$ index off hard: DXY -0.669 to 94.495 (95.280H/94.480L); US$/Yen -.85 to
111.62 (112.62H/111.54L); equities near steady (emini +0.5, 2805.75); gold
firmer (XAU +7.50, 1230.40); West Texas crude little firmer (WTI +0.53, 69.99).
Heavy first half flow, stops triggered long end as curves bounced, heavy long
end pressure amid real$, bank and ins port' sales, fast$ flattener unwind 2s10s
and 5s30s, prop 2-way shorts to interm's also net better sellers. Massive buy
>150k EDU8 (70k Block) at 97.555. Tsy cash/ylds: 2Y 99-26 (2.595%), 5Y 99-11.5
(2.763%), 10Y 99-27.5 (2.889%), 30Y 101-29.5 (3.026%).
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.