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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 AccessTY Probing Resistance Ahead Of Payrolls, ISM Services
- Treasuries see the front end consolidate yesterday’s rally ahead of payrolls and ISM services, but from the belly onwards rally a little further along with EGBs.
- After a late open due to a Japan holiday, cash yields range from just 0.2bp higher (2s) to 2bp lower (10s through to 30s), mostly bull flattening with 2s10s at -31.2bps (-2.2bps) to chip away at the week’s steepening.
- TYM4 has recently pushed half a tick above yesterday’s high with 108-12+ on below average volumes of just over 250k.
- The contract is probing resistance at 108-10 (20-day EMA) after which lies 108-22+ (Apr 19 high), whilst the trend outlook is still lower with support at 107-04 (Apr 25 low).
- Data: Nonfarm payrolls Apr (0830ET), S&P Global US serv/comp Apr f (0945ET), ISM services Apr (1000ET)
- Fedspeak: Goolsbee (’25 voter) on BBG TV (1030ET), Goolsbee & Williams (voter) in panel discussion at 1945ET incl text.
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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.