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Real-time insight on key fixed income and fx markets.
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Global Macro
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Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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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.
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 AccessMNI: PBOC Net Drains CNY195.3 Bln via OMO Wednesday
MNI ASIA OPEN: Late Rate & Stock Rally, 5Y Sale Well Received
MNI ASIA MARKETS ANALYSIS: Tsys Rebound Late Session Highs
US TREASURY AUCTION CALENDAR: 5Y Stops Through
Underperforming EGBs Rally, U.Mich And Earnings In Focus
- Cash Tsy yields sit 4-5bps lower on the day, with Treasuries following EGBs richer where dovish ECB speak added weight to soft Chinese trade data and ongoing geopolitical tensions.
- TYM4 at 108-11 (+ 07+) sits within yesterday’s range after another overnight session of above average volumes with more than 430k traded.
- The bearish trend condition remains in place with support seen at yesterday’s low 107-27+, having taken out the previous support at the round 108-00, after which lies 107-26+ (Fibo projection).
- Today’s lighter docket sees firm focus on the preliminary U.Mich survey and its inflation expectations components in particular. The start of earning season adds interest with Wells Fargo (Q1 rev $20.86bn vs $20.21bn est.) and JPM (Q1 rev $42.55bn vs $41.64bn est.) releasing results as we type with Citi still to come ahead of the open.
- Data: International trade prices Mar (0830ET), U.Mich consumer survey Apr prelim (1000ET)
- Fedspeak: Collins (0900ET), Schmid (1300ET), Bostic (1430ET) and Daly (1530ET) – see STIR bullet.
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.