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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 AccessUS-China trade headlines continue...>
US TSYS SUMMARY: US-China trade headlines continue to be the dominant driver of
Tsys, with back-and-forth headlines Monday about the current state of play.
- Sep 10-Yr futures (TY) last down 2/32 at 130-28.5 (L: 130-25 / H: 131-19.5).
- Pres Trump said a little before 0300ET that China called 'our top people' over
weekend to restart talks, expressing optimism over a deal soon. Stock futures
rallied; Tsys unwound gains in Asia-Pac session.
- But maybe little has changed: both China MOFCOM spokesman and Global Times
editor Hu said no high-level bilateral calls were made this weekend.
- Equity futs still clinging onto gains but pared slightly on those headlines.
- Note, cash Tsy trading resumed 0600ET with yields sharply higher vs Asia close
(0200ET), 10-Yr earlier hit 1.4409%.
- Latest levels: 2-Yr yield is down 1.5bps at 1.5185%, 5-Yr is down 1bps at
1.4074%, 10-Yr is down 1.2bps at 1.5232%, and 30-Yr is down 2.2bps at 2.0029%.
- Potentially more headlines coming with G7 yet to wrap up; awaiting 0930ET
press conference between Trump and France's Macron.
- Data kicks off this week with Durable Goods at 0830ET.
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.