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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 Credit Weekly: Le Vendredi Noir
MNI: Canada Apr-Sept Budget Deficit Widens On Spending
Twist Steepening On Surging But Milder Omicron Cases
- Cash Tsys have twist steepened today, led by the longer end, as markets weigh up the impact of surging but seemingly less severe Omicron cases.
- 2Y yields are -0.8bps at 0.742%, 5Y -0.2bps at 1.258%, 10Y +1.2bps at 1.493% and 30Y +1.6bps at 1.916%.
- Tsys outperform core Europe in 10Y space, with the +1.2bps sell-off vs Bunds +1.7bps, OATs +2.6bps and Gilts +4.8bps.
- TYH2 has sold off with London coming in, unwinding a small rally overnight to leave it -0-01+ at 130-18, a level close to where it has found some support over the past four trading days amidst low volumes.
- A string of non-tier one data releases today: wholesale and retail inventories, advanced trade and pending home sales all for Nov.
- US Tsy $40B 119D bill CMB auction and $24B 2Y FRN note auction re-open (1130ET) before $56B 7Y Note auction (1300ET). There was a second consecutive auction tail with yesterday's 5Y note.
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.