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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: PBOC Net Injects CNY28.8 Bln via OMO Thursday
*** Tsys trading mixed into the.....>
US TSYS SUMMARY: *** Tsys trading mixed into the second half after a weaker
open, curve flatter with long end near session highs; 10Y yld holding below 2.4%
at 2.372%. Quiet at start of 2-day FOMC policy meeting, relatively low volume
day (TYZ<860k), low open volume w/Germany out on holiday.
- Month end support contributing to mild bid that emerged after the opening
bell, limited react to 3Q ECI +0.7% as expected, US Redbook Oct store sales
-1.3%, US Aug Case Shiller home price index +0.5% m/m and strong Oct Chicago PMI
number of 66.2 up from 65.2 in Sep. Carry-over support after bid developed in
Euro bonds.
- Modest two-way across the curve w/relative value and month end buying vs.
FX-tied sales as US$ climbed vs. Yen. Modest deal-tied flow in the mix. Two-way
position squaring ahead Fri's NFP (315k est vs. -33k in Sep)
- Powell leads replacement Fed chair poll at 90% ahead expected annc by US Pres
Trump Thu. Taylor pick likely to roil mkt/bear flattening rates.
- Swap spds holding mildly tighter amid receiver flow in 5s and 7s on modest
size, payers in 2s helping flatten the spd curve slightly.
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.