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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Very quiet start to the week,.......>
US TSYS SUMMARY: Very quiet start to the week, Tsys drifting off session lows
heading into midday, curves extending to new 10+ year lows. Tsys opened
w/risk-on tone w/equities higher -- likely due to the limited response/react
from Syria, Russia after US/French/UK coordinated missile strike against Syrian
chem sites.
- US$ index lower/off lows (DXY -.339, 89.461); equities pushing higher (emini
+25.75, 2683.0); gold firmer (XAU +2.70, 1348.20); West Texas crude weaker (WTI
-.85, 66.53).
- With the wick of geo-pol sensitivity never far from being lit, early focus
turned to data, Mar retail sales +0.6%, stronger than analysts' exp +0.3% and
whisper exp +0.2%. Tsys drifted off lows following the better than expected
data, fast$ covering during brief participation vacuum. Early FX-tied sales in
10s carry-over from overnight. Little react to Fed Dudley comments.
- Rather decent corp issuance (awaiting details on Citi, JPM) generating early
hedging. Light two-way swap flow w/spds running mildly tighter, 2s and 10s
leading. Decent Eurodollar put buying, targeting Dec 18.
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.