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Policy
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
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Real-time insight of emerging markets in CEMEA, Asia and LatAm region
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Commodities
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Real-time insight of oil & gas markets
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Data
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MNI Research
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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About Us
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Free AccessWeak 30Y Bond Sale Underscores Steeper Yld Curves
- Little react to marginally disappointing weekly claims (-19K TO 793K), continuing claims ( -0.145M to 4.545M). Rates inched gradually lower as equities held near all-time highs in early trade (ESH1 3920.5).
- Equities sold off around noon, no substantive driver but sources pointed to couple large sell-programs at the time followed by go-to excuse of asset allocation.
- Tsys sell off after weak US Tsy $27B 30Y bond auction (912810SU3) draws 1.933% high yield (1.825% last month) vs. 1.924% WI; w/ 2.18 bid/cover (2.47 prior).
- No deal-tied hedging, issuers hitting the sidelines ahead the extended US holiday weekend after $35.47B high-grade issued in first half of week. Two-way positioning, pick-up in March-June futures rolling and option-tied hedging rounding out flow so far. University of Michigan consumer confidence rounds out data for week, 80.8 exp Friday vs. 79.0 prior.
- The 2-Yr yield is unchanged at 0.1071%, 5-Yr is up 0.8bps at 0.4578%, 10-Yr is up 3.2bps at 1.1549%, and 30-Yr is up 3.6bps at 1.9435%.
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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.