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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.
STIR FUTURES
After yesterday's rally across STIR markets on Chinese Covid/lockdown concerns, there has been a more mixed mood this morning with SONIA / Eubibor futures generally within 1.5 ticks of yesterday's close and the Eurodollar strip having moved off of its overnight lows with Reds generally 3-4 ticks higher on the day.
- Looking at what is priced in now, there is 51bp priced in for the May Fed meeting, a cumulative 107bp by June, 195bp by September (4 meetings) and 238bp by year-end.
- For the BOE, markets price 29bp for May, a cumulative 59bp by June, 92bp by August (3 meetings) and 148bp by year-end (6 meetings).
- For the ECB, 22bp is priced for July, 40bp by September and 79by by year-end (5 meetings).
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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