Free Trial

Q1 Terms Of Trade Surge

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Continued fiscal stalemate on the Hill & North Korea's newest ICBM have generated some light tailwinds to T-Notes, with focus also on the PBoC's decision to remove the 20% FX risk reserve ratio. T-Notes trade +0-02 at 138-28+ as we type, with cash Tsys closed due to the Columbus Day holiday in the U.S. Eurodollar futures trade unch. through the reds.

  • JGB futures have picked up a bid and last trade at 151.97, 7 ticks above the last settlement, while the Nikkei 225 sits comfortably in negative territory. Cash JGBs generally sit below neutral levels (save for 40s), with the 7-10 sector outperforming. On the data front, Japanese PPI missed expectations, which was coupled with a surprise M/M increase in core machine orders. Flash machine tool orders take focus from here.
  • In Australia, YM -0.5 & XM unch. at typing, with cash ACGB yields sitting -0.8 to +0.1bp across the curve. Bills trade unch. to -2 ticks through the reds.
MNI London Bureau | +44 203-865-3806 |
MNI London Bureau | +44 203-865-3806 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.