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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 AccessWhat to Watch: S&P PMIs, ISMs, Treasury Auctions Early and Often
- Back to watching data with potential default risk deferred to mid-2025 after President Biden signed the debt ceiling bill over the weekend.
- Flurry of data kicks off with S&P Global PMIs at 0945ET, followed by ISMs and Durables/Cap-Goods Orders at 1000ET.
- US Tsy bill supply early and often, as expected the Treasury moves to increase cash buffers following a debt ceiling resolution: $65B 13W, $58B 26W bill auctions at 1130ET followed by $50B 44D CMB auction at 1300ET.
Bloomberg had e - Bloomberg had estimated incoming supply to be "well over $1 trillion by the end of the third quarter" that's likely to "quickly drain liquidity from the banking sector, raise short-term funding rates and tighten the screws on the US economy just as it’s on the cusp of recession."
- Bank of America estimated incoming Treasury supply "would have the same economic impact as a quarter-point interest-rate hike."
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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.