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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
- Euribor futures in particular have seen a volatile morning. After moving sharply lower around 16:00BST / 11:00ET yesterday following the release of CPI for the German state of Rhineland, Euribor futures were dragged a bit higher by the Fed (but still not to the days highs) and then fell further this morning on further high German state inflation prints.
- The low of the day was achieved around the time of the European open.
- Since then we have drifted higher through the session before hitting a high of the day around 9:20BST / 4:20ET, a few minutes after some state CPI prints that were closer to where the national print had been expected. Note that our data team expects the national CPI print to come in at 7.5-7.6%Y/Y - which implied 1-2 tenth upside surprise to the initial Bloomberg consensus.
- At the time of writing Euribor Whites / Reds were 1.5 ticks higher than yesterday's close (but generally 3 ticks lower than Tuesday's 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.
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