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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 AccessTsys trading mildly higher after the...>
US TSY FLOWS: Tsys trading mildly higher after the bell, off highs after long
end caught up with intermediates earlier. Yield curves steeper but off highs
(2s10s +11 since Nov 9 lows (44.0L, 55.30H); 5s30s +13 since Nov 9 lows (32.7L,
46.40H)).
- Quiet rebound after a weaker open, initially triggered after US$/Yen dropped
to new session lows (112.43). Also underpinning rates, equities extended an
early sell-off (SPX down to 2681.5L), partially due to weak tech shares, with
index paring losses on late profit taking.
- Limited data to react to (NAHB housing mkt index dropped 8 points to 60), many
liquidity providers plying sidelines ahead Thu's Thanksgiving holiday closure,
early close Fri.
- Mild deal- and option tied hedging. FVZ Block buy-through (112-26, buy-through
-25.75 post-time offer) helped get rebound rolling in first half, +7.2k TUU
105-16.7 lifted offer. 2s10s steepeners/flattener unwinds, prop and real$ buying
5s and 10s in second half. Tsy cash/ylds: 2Y 100-05.5 (2.781%), 5Y 100-01.5
(2.863%), 10Y 100-18.5 (3.056%), 30Y 101-03.5 (3.315%).
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.