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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 AccessYld Surge, 2YY Tops 4.2% Overnight
- Markets continue to digest hawkish forward guidance since the Fed hiked 75bp on Wed, the BoE 50bp yesterday. Yield curves little flatter, unwinding small portion of yesterday's bear steepening, 2s10s currently -2.913 at -43.967 (-41.164 high Thu vs. -57.943 low).
- Data focus turns to US PMIs after European PMIs (UK Flash Mfg PMI48.5 better than 47.5 est but still contractionary, services 49.2 vs. 50.0 est; EU Mfg PMI 48.5 vs. 48.8 est;) saw EGBs trade lower on rising prices. US data at 0945ET:
- S&P Global US Manufacturing PMI (51.5, 51.0)
- S&P Global US Services PMI (43.7, 45.5)
- S&P Global US Composite PMI (44.6, 46.1)
- Fed speak returns after 10 day Blackout:
- Fed Chairman Powell at Fed Listens event at 1400ET, opening remarks unlikely to move markets, but may make iterative remarks tied to Wed's presser.
- Current cross asset snapshot: stocks weaker (SPX -38.0 at 3734.0) crude weaker (WTI -1.92 at 81.57), Gold weaker (-15.05 at 1656.17).
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.