Free Trial

MNI Interview With St. Louis Fed Economist


Larger FX Option Pipeline


Preview Tsy 3Y Note Auction


BLOCKs, Jun'23 SOFR Puts

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

A little more on the change to the threshold....>

SNB: A little more on the change to the threshold where negative interest rates
are charged on negative rates.
- Previously up to 20 times minimum reserves were eligible for exemption from
negative rates.
- Now the threshold will now be set monthly going forward. From November 1 this
will be set at 25 times.
- At first glance this appears as though there will be more excess reserves that
will be exempt from negative rates.
- However, it is not quite this simple as the reference period for the minimum
reserves has changed....

To read the full story

Why Subscribe to

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.