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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 ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
White House: Saudi-Israel Normalisation Discussions Ongoing
White House NSC spokesperson John Kirby has confirmed that, "Saudi-Israel normalization discussions," are "ongoing," but no framework has been agreed to.
- Kirby: "There is no agreed to set of negotiations, there's no agreed to framework to codify normalization or any of the other security considerations that we and our friends have in the region."
- The comments follow a market moving report from the Wall Street Journal earlier today which claimed US and Saudi negotiations had reached "broad terms" for a normalisation deal.
- Axios reports that Israeli Prime Minister Benjamin Netanyahu has approached the Biden administration for a security agreement "focused on deterring Iran," as part of a normalisation deal which may track closely with a deal Washington is considering with Riyadh.
- According to Axios, Saudi Arabia requested guarantees similar to "a NATO-style Article 5 commitment," a request which the White House declined but incstead agreed to discuss a so-called "article 4.5" commitment... "short of the Saudi expectations but would still be significant..."
- Axios reports: "Netanyahu and Dermer want something similar and think that in a broader context of a U.S.-Saudi-Israel deal, such a security agreement will be easier to get."
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.