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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 AccessUK Politics, Bank Earnings, Data and Fedspeak All In Focus
- Cash Tsys have currently seen a broadly parallel rally across 2-10Y tenors (-5.5.5bp) with only the very long end lagging (30YY -3.5bps), with the long end lagging large rallies in EU FI and especially Gilts on fiscal u-turn and Chancellor replacement expectations. Bank earnings in focus before the open, with JPM and Wells Fargo hitting currently and more to come including Citi and Morgan Stanley.
- 2YY -5.2bps at 4.411%, 5YY -5.3bps at 4.148%, 10YY -5.2bps at 3.891%, and 30YY -3.4bps at 3.883%. The 2Y pulls further off yesterday post-CPI highs of 4.529% and 10Y off highs of 4.075%.
- TYZ2 trades 11 ticks higher at 111-11+, remaining vulnerable despite today’s bounce. Support is seen at the psychological 111-00 and then 109-23+ (Nov 30, 2007 low cont). To the upside, resistance at 111-28+ (Oct 12 high).
- Data: Retail sales (0830ET), International trade prices (0830ET), U.Mich Oct prelim (1000ET) and business inventories (1000ET).
- Fedspeak: George (1000ET), Cook (1030ET), Waller (1215ET), with Bullard to follow Saturday at the IMF.
- No issuance.
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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.