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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 AccessYesterday’s Late Gains Pared, Jobless Claims And GDP Revisions Ahead
- Cash Tsys trade 3-4bps cheaper as they pare gains seen in spillover from the late equity slide. They still sit well within yesterday’s range having been biased richer by notably softer than expected UK CPI inflation and having ultimately faded beats for existing home sales and Conf. Board consumer confidence.
- TYH4 is close to the day’s low of 112-21, the middle of yesterday’s range on subdued volumes of 215k. Trend conditions remain bullish with resistance at yesterday’s 112-31+ before 113-12+ (Fibo projection of Oct-Nov price swing).
- Today sees data focus on initial jobless claims for a payrolls reference week whilst revisions should be watched for Q3 national accounts, before the last Tsy supply of the week with 5Y TIPS.
- Data: Third revision for Q3 national accounts (0830ET), Weekly jobless claims (0830ET), Philly Fed mfg Dec (0830ET), Conf Board Leading Index Nov (1000ET) and Kansas City Fed mfg Dec (1100ET).
- Note/bond issuance: Tsy $20B 5Y TIPS re-open (91282CJH5) – 1300ET
- Bill issuance: Tsy $80B 4-week bills, $80B 8-week bills – 1130ET
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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.