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All signal, no noise
All signal, no noise
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EM $ indices were marginally wider (+0.3bp) having set new yearly tights the week before.
Jul-11 08:06A weekly wrap of some of the key data outcomes/macro themes for the Asia Pac region.
Jul-11 06:02MNI discusses the outlook for China's steel market.
Jul-11 03:35A former senior RBA official shares his view on the RBA's new voting structure.
Jul-10 23:29Central Bank of Brazil former deputy governor for international affairs Tony Volpon speaks with MNI in an interview.
Jul-10 20:52San Francisco Federal Reserve President Mary Daly discusses her economic outlook on MNI Connect.
Jul-10 19:01
MNI EGB Issuance, Redemption and Cash Flow Matrix – W/C 14 Jul

MNI EGB Issuance, Redemption and Cash Flow Matrix – W/C 14 Jul

MNI: Canada Pushed Bessent On Market Drop After Auto Tariff

MNI: Canada Pushed Bessent On Market Drop After Auto Tariff
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MNI EGB Issuance, Redemption and Cash Flow Matrix – W/C 14 Jul

MNI EGB Issuance, Redemption and Cash Flow Matrix – W/C 14 Jul

MNI: Canada Pushed Bessent On Market Drop After Auto Tariff

MNI: Canada Pushed Bessent On Market Drop After Auto Tariff
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Open CalendarLink to the pagemyMNIhttps://my.mnimarkets.com/dashboard?widget=/events/key-events-calendarHSC on myMNILink to the pageMore CalendarsLink to the pageLatest insights
EM $ indices were marginally wider (+0.3bp) having set new yearly tights the week before.
Jul-11 08:06A weekly wrap of some of the key data outcomes/macro themes for the Asia Pac region.
Jul-11 06:02MNI discusses the outlook for China's steel market.
Jul-11 03:35A former senior RBA official shares his view on the RBA's new voting structure.
Jul-10 23:29Central Bank of Brazil former deputy governor for international affairs Tony Volpon speaks with MNI in an interview.
Jul-10 20:52San Francisco Federal Reserve President Mary Daly discusses her economic outlook on MNI Connect.
Jul-10 19:01Newsletter
MNI US MARKETS ANALYSIS - Trump's Tariff Streak Continues
Jul-11 11:06MNI US OPEN - EU-US Talks Paused Pending Tariff Letter
Jul-11 09:49MNI DAILY TECHNICAL ANALYSIS - GBP Weakness Still Corrective
Jul-11 07:46MNI EUROPEAN MARKETS ANALYSIS: USD Supported Amid Tariff Risk
Jul-11 05:46MNI EUROPEAN OPEN: Trump Threatens 35% Tariff On Canada
Jul-11 05:23MNI ASIA OPEN: Tariff Inflation Pass-Through One-Off Risk?
Jul-10 19:54MNI ASIA MARKETS ANALYSIS: Shrugging off Tariff Inflation Risk
Jul-10 19:52MNI US MARKETS ANALYSIS - USD Index Looks for Fresh Catalysts
Jul-10 11:07MNI Technical Analysis
USD Index (DXY) Tests A Long-Term Trendline Support

FI Market Analysis
Read moreFI Market AnalysisEuropean bond futures positioning is as mixed as we have seen it in 2025, with BTPs very long and Gilts very short.
July 07, 2025 01:52European bond futures positioning is as mixed as we have seen it in 2025, with BTPs very long and Gilts very short.
July 07, 2025 01:50A somewhat robust payrolls report sees near-term Fed rate cut odds slashed with the Fed still in "wait and see" mode
July 04, 2025 04:24The EU is scheduled to hold a syndication while the Netherlands, Austria, Germany, Portugal and Italy will hold auctions
July 04, 2025 02:48FX Market Analysis
Read moreFX Market AnalysisWe think that the market is looking at the wrong measure of reserves when discussing the BOE’s September APF decision
July 04, 2025 01:59A weekly wrap of some of the key macro themes/data outcomes for the Asia Pac region
July 04, 2025 05:53GBP STIRs have pulled away from dovish session extremes given the adjustment in Fed pricing after the U.S. data. * SONIA futures flat to +5.5, with the strip bull flattening. * SFIZ5 & Z6 pierced respective May 9 & May 8 high before a retrace. Bulls will now look to target wider May highs in those contracts. * BoE-dated OIS hasn't been able to push consistently beyond 55bp of cuts through year-end, with markets probably needing to see greater deterioration in the labour market/a swifter than expected moderation in inflation to be comfortable with discounting a meaningful deviation from the once per quarter cutting cycle that has become familiar in recent months. * Comments from BoE dovish dissenter Taylor are due tomorrow. ------------------------------------------------------------------------------- BoE Meeting SONIA BoE-Dated OIS (%) Difference vs. Current Effective SONIA Rate (bp) Aug-25 4.005 -21.3 Sep-25 3.931 -28.6 Nov-25 3.758 -46.0 Dec-25 3.665 -55.2 Feb-26 3.531 -68.7 Mar-26 3.495 -72.2
July 01, 2025 03:05Firmer-than-expected JOLTs job data and a still elevated prices paid component in the ISM manufacturing survey applies hawkish pressure, countering the dovish input from Fed Chair Powell ahead of the data and outweighing a soft employment sub-component within the ISM survey. * Powell's focus on the Fed's mandate, as opposed to President Trump's critique, could be a supplementary factor. * 5bp of cuts priced into FOMC-dated OIS for this month, 28bp through September, 45bp through October and 64.5bp through year-end. Contracts are 1-3 less dovish vs. pre-data levels. * December pricing has retraced back within the range witnessed over the prior 3 sessions. * Implied terminal rate pricing on the SOFR futures strip sits at 3.11%, after printing at ~3.00% during the London morning (SFRZ6 hit the highest level seen since early May).
July 01, 2025 02:26