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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 AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Vaccinations Commence
Brazil has authorised its States to commence vaccinations today after approving the Oxford/AstraZeneca and Chinese-made Sinovac coronavirus vaccines. This comes as welcome news amid the crisis unfolding in Manaus.
*Brazilian swap rates had a move on Friday following comments from the speaker requesting an emergency committee meeting regarding the crisis developing in Manaus. Fears that emergency measures could intensify the pressure on the spending cap and hence increase the likelihood of rate hikes in the near future saw the front-end move ~10 basis points higher and the curve bear flatten.
*The Real may come under pressure to start the session given the slightly stronger USD and domestic headwinds in play. 5.52 continues to be strong resistance in the pair.
*Wednesday we will have the Brazil Central Bank meeting where analysts seem in consensus the COPOM will hold the Selic Rate at 2.00% but have the potential to remove the forward guidance from their statement after their more slightly hawkish shift at the previous meeting. A full preview and sell-side review will be published tomorrow.
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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.