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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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Free AccessUS TSYS: Mostly A Touch Firmer, 5Y Supply Headlines A Quieter Docket
- Treasuries broadly consolidate yesterday’s rally in a move aided by soft labor conditions in the Conf. Board consumer survey, declines in WTI futures and a decent 2Y auction.
- Cash yields sit between 0.3bp higher (3s) and 0.9bp lower (20s), whilst 2s10s sees a level shift to just -5bps after the new 2Y benchmark from yesterday’s auction.
- TYU4 has recently pushed above yesterday’s levels with a high of 113-21 (+ 04+) but remains below resistance at 114-03 (Aug 6 high). The trend needle continues to point north.
- TYZ4 meanwhile has clawed ahead as the most actively traded contract, testing yesterday’s high of 114-07+.
- Data: MBA mortgage data (0700ET) - a quiet docket before tomorrow's 2nd national accounts release for Q2.
- Note/bond issuance: US Tsy $28B 2Y FRN re-open - 91282CLA7 (1130ET), US Tsy $70B 5Y note sale - 91282CLK5 (1300ET)
- Fedspeak: Bostic on economic outlook (1800ET)
- Bill issuance: US Tsy $60B 17-week bills (1130ET)
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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.