Free Trial

15bp Of Cuts Through 2024

US EURODLR FUTURES
  • Eurodollars closed 2.5-3 ticks firmer from the reds onwards, only fractionally firmer from our morning summary after swinging in the interim on geopolitical headlines.
  • A modest dip from Fed Governor Bowman waiting for data to decide on a 25bp or 50bp hike in March was more than offset by Putin being set to address the nation “soon”, widely expected to recognise separatist states.
  • This continues to drive inversion through the green pack, with Dec greens and beyond now sitting below post-Jan FOMC levels. That’s despite almost 50bps of additional hikes priced through Dec’22-Jun’23 compared to Jan 26, leaving 15bps of cuts through 2024.

To read the full story

Close

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.