Free Trial
US TSY FUTURES

BLOCK, 5Y Buy

ARGENTINA

May Trade Surplus Narrower Than Estimates

EURJPY TECHS

Attention Is On The Bull Trigger

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
STIR
STIR: After a quiet start to the European session today, there has been a pick
up in risk aversion into the afternoon. This deterioration in risk sentiment has
not been helped by a disappointing Empire Manufacturing number in the US.
- The Eurodollar futures strip has shifted higher today. Most of the strip has
shifted 1.5 ticks higher but the U9-U0 sector has seen a slightly bigger 2-2.5
tick move higher.
- The H0-H1 part of the Euribor curve has also shifted higher, by 1-1.5 ticks,
while there has been a steepening of the curve at the Blue end, with Z1-Z2
spread rising 1.5 ticks.
- In the UK, Labour leader Jeremy Corbyn said that he would hold a vote of no
confidence in Theresa May if she did not announce a date for the vote on the
Brexit deal. This would have been a symbolic rather than binding act, but PM May
yielded to this pressure and announced that the vote would be held in the third
week of January. The Short Sterling curve has shifted lower and steepened today.
Whites are 1-1.5 ticks lower, Reds 1.5-3 ticks lower, Greens 3-4.5 ticks lower
and Blues 3.5-5 ticks lower.

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.