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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.
EURIBOR
- Euribor futures are leading the way lower this morning with Whites down up to 8.0 ticks, led by the Dec-22 and Mar-23 contracts. This puts both these contracts down 23.5/24.0 ticks respectively since Wednesday's close - almost an entire extra 25bp hike priced into the curve.
- The curve is now peaking with the Deposit Rate around 2.50% (around 175bp higher than current rates), whereas on Wednesday's close, the curve peaked at 2.355% in the near-term. So around 60% probability of an extra 25bp hike to the terminal rate, and with the terminal rate coming a quarter earlier now with the peak in the Jun-23 contract rather than the Sep-23 contract.
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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