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About Us
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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 AccessMNI: PBOC Net Drains CNY273.8 Bln via OMO Thurs
MNI ASIA OPEN: Tsy Curves Rise to Mid-June'22 Highs
MNI ASIA MARKETS ANALYSIS: Projected Rate Cuts Gain Momentum
MNI Eurozone Inflation Preview - December 2024
US TSYS: Broad Consolidation Of The Week’s Rally Before Important Data
- Treasuries have sold off a little but broadly consolidate sizeable rallies seen ever since the US came back from Labor Day.
- Cash yields are 1-1.5bp higher on the day, with both 2s and 10s briefly dipping below 3.75% overnight before lifting.
- 2s10s is at 0.0bps off a latest recent high of +1.2bps. It topped out at +2bps the Monday after last month’s payrolls report.
- TYZ4 has kept to relatively narrow ranges overnight and at 114-17+ is little changed on the day under reasonable cumulative of 345k ahead of a busy data docket.
- An overnight high of 114-22+ maintains what is seen as a bullish outlook, with next resistance at 114-31+ (76.4% retrace of Aug 5-8 pullback) whilst stronger data could see 113-25 (20-day EMA) come more into play.
- Data should continue to dominate the session after historically high issuance earlier in the week did little to stop the large firming in Treasuries. Nonfarm payrolls awaits tomorrow (MNI Preview here).
- Data: Challenger job cuts Aug (0730ET), ADP Aug (0815ET), Jobless claims (0830ET), ULCs/Productivity Q2 final (0830ET), S&P Global US Serv/Composite PMI Aug final (0945ET), ISM Services Aug (1000ET)
- Bill issuance: US Tsy sells $80bn 4-w and $80bn 8-w bills (1130ET)
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.