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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
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Emerging Markets
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Data
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Global Macro
Global Macro
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.
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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 Injects CNY37.3 Bln via OMO Wednesday
MNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
US TSYS: Tsys Futures Remain Rangebound Ahead Of Debate & US Data
- It has been another slow Asian session for US Tsys, futures saw some weakness earlier in the session, before largely paring those moves to trade only slightly lower for the session. TUZ4 is - 00⅞ at 104-08 while TYZ4 is - 01+ at 115-01. There was a decent size block FV/WN flattener traded for DV01 410k.
- Cash tsys curve is slightly flatter today, yields are trading 0.5-1bps higher. The 2yr is +0.8bps at 3.677%, while the 10yr is +0.6bps at 3.706%. The 2s10s curve remains un-inverted at 2.696, after last night reaching new highs of 7.405.
- Projected rate cuts through year end have firmed slightly from late Fri levels: Sep'24 cumulative -33.1bp (-33.1bp), Nov'24 cumulative -72.3bp (-71.6bp), Dec'24 -111.3bp (-115.0bp).
- There is little on the calendar tonight, with focus turning to the Harris vs Trump debate scheduled for 1100 AEST / 9:00 HKT time Wednesday morning, with the market then turning attention to CPI and PPI.
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.