Free Trial
REFINING

Tarragona 2-Month Maintenance Starts This Week

EURJPY TECHS

Reversal Or Correction?

BONDS

BTP/Bund spread tightest in a Month

EURIBOR

EURIBOR FIX

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

50bps Hike Puts EUR/USD at New Daily Highs, But Short of Week's Best Levels

ECB
  • The immediate response to the larger-than-expected ECB rate hike has seen EUR bid against all others, putting EUR/USD through the earlier highs to touch 1.2490. The rally is holding initially, but price action remains shy of the week's best levels at 1.0273 at typing.
  • Across fixed income markets, Bund futures saw fresh lows of 149.70, breaking the 50-dma in the process at 150.03. The German curve trades flatter, with front-end yields higher by over 15bps for the 2yr.
  • Italian BTP futures saw a more muted response, with markets awaiting the finer details of the bank's TPI tool at today's press conference.
  • Dec-22 Euribor futures very briefly spiked before falling sharply to sit at 98.455, the lowest since mid-June.
115 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • The immediate response to the larger-than-expected ECB rate hike has seen EUR bid against all others, putting EUR/USD through the earlier highs to touch 1.2490. The rally is holding initially, but price action remains shy of the week's best levels at 1.0273 at typing.
  • Across fixed income markets, Bund futures saw fresh lows of 149.70, breaking the 50-dma in the process at 150.03. The German curve trades flatter, with front-end yields higher by over 15bps for the 2yr.
  • Italian BTP futures saw a more muted response, with markets awaiting the finer details of the bank's TPI tool at today's press conference.
  • Dec-22 Euribor futures very briefly spiked before falling sharply to sit at 98.455, the lowest since mid-June.