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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 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
Week opener felt like random walk......>
US TSY FLOWS: Week opener felt like random walk for Tsys, higher but off highs
by late morning to near middle of narrow range, yld curves recover from early
bull flattening. Decent early futures volume really petered out after London
went home.
- No data or speaker events Mon, just $45B 13wk and $39B 26wk bill auctions that
both tailed slightly; $38B 2Y note auction Tuesday, multiple Fed speakers on
day. US Data doesn't really pick up until Wed, focu on Fri's Q3 GDP (3.3% est).
- Implied vol rather stable on the inside range day in Tsys, correlation to
equities not a factor as rates pared gains even as equities traded negative
(traders cited Google for weighing on FANG index, Citi downgrade of HSBC weighed
on financial shares.
- Heavy front-end Eurodollar futures buying, EDZ8 +0.030 to 97.26 (>310k), EDH9
+0.025 to 97.09 (>215k); 3M FRA/OIS slipped tighter on the move -2.22, to 33.17.
Some Tsy volume associated w/option hedges vs. soon to expire Nov options.
- Tsy cash/ylds: 2Y 99-23 (2.896%), 5Y 99-07.75 (3.039%), 10Y 97-12 (3.186%),
30Y 92-31 (3.375%).
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.