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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 AccessWhat to Watch: Consumer Confidence, 2Y Sale, Equity Earnings
Continued/carry-over short-end bid from Friday amid speculation of two consecutive 75bp hikes by year end -- w/ push back against 75bp hike in Dec. Long end support gaining, yield curves bull flattening (2s10s -6.417 at -33.071).
- Weaker housing data so far:
- FHFA House Price Index MoM weaker than exp at -0.7% vs. -0.6% est
- S&P CoreLogic CS 20-City MoM SA -1.32% vs. -0.80% est; YoY 13.08% vs. 14.0% est.
- Up at 1000ET: Conf. Board Consumer Confidence (108.0, 106.0); Present Situation (149.6, --); Expectations (80.3, --); Richmond Fed Mfg Index (0, -5)
- US Tsy auction at 1300ET $42B 2Y note auction (91282CFQ9)
- Fed in self-imposed media Blackout in regards to policy - while Fed Gov Waller expected to speak on FedNow at Vegas conference at 1355ET, moderated Q&A.
- Q3 equity earnings continue after the close: Chipotle (CMG) $9.233 est; Google $1.248 est; Microsoft (MSFT) $2.308 est; Texas Instruments (TXN) $2.382 est; Visa (V) $1.863 est; NCR Corp (NCR) $0.775 est; Mattel (MAT) $0.735 est
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.