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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Tsys trading higher but off.........>
US TSYS SUMMARY: Tsys trading higher but off safe-haven driven first half highs
as cooler heads try to calm mkt concerns over US/N. Korea tensions. Deal-tied
hedging, pre-auction sets reported ahead 10Y auction, results shortly. Limited
react to second tier data
* US Pres Trump "fire and furry" warning to N Korea, N Korea responded w/threat
against US strategically important island of Guam. Rush of short cover/outright
safe haven buying spurred best O/N volume of week.
* Long-end lead rally continued to extend new highs into the open, upside call
skew bid vs. corresponding OTM puts, decent volume on safe-haven bid. Real- and
fast$ buying, short covering in 10s to long end, props buying in 2s and 5s.
* Futures and cash market saw some mild intermittent profit-taking on risk-off
rally
* Swap spds forged wider earlier partly on supply-driven paying, pared move
w/Tsys off highs on otherwise quiet trade in the second half. Risk off
tone/wider spreads likely to hold in the short term.
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.