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Policy
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Global Macro
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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Tsys trading firmer, just off.......>
US TSYS SUMMARY: Tsys trading firmer, just off early London session highs on
heavier futures volume (TYU>750k). Risk off ahead NY session w/rising
geopolitical angst around G7 meet, EMs weaker and sovereign spds wider (S Africa
Rand ZAR leads, also watching Brazil after sharp drop Thu). Otherwise quiet
ahead FOMC next Tue, hike expected.
- USD index higher (DXY +0.338, 93.773; US$ vs. Yen -0.3, 109.4); stocks weaker
but moving off lows (emini -8.5, 2767.5); gold paring gains (XAU +1.06, 1298.23;
West Texas crude softer (WTI -0.37 to 65.58).
- Asia, Tsys opened steady to late NU levels, modest two-way flow,
selling/profit taking after Thu's strong rally. Tsys ratcheted higher through
early London hours, flow includes two-way in short end, prop, fast$ buying 10s
and 30s, light 2s30s steepeners/flattener unwinds.
- Swaps, spds running mixed, spd curve steeper. Recent flow includes payer in 3s
at 2.835%, 2s5s flatteners, 8s9s steepener and 2s5s10s fly, receiving belly. Tsy
cash/ylds: 2Y 100-00.8 (2.481%), 5Y 99-30.5 (2.758%), 10Y 99-19.5 (2.919%), 30Y
101-02 (3.069%).
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.