All signal, no noise
All signal, no noise
All signal, no noise
Latest insights
Fed rate cut pricing was little changed this week, as data appeared to confirm a steady economic outlook.
Jul-11 21:00The EU, Germany, Spain and France are all due to hold auctions in the upcoming week.
Jul-11 15:34MNI reports on a document advising Canada's finance minister on tactics for a call with Scott Bessent.
Jul-11 15:23It’s a busier first week to the earnings season than usual this quarter, with close to 10% of the S&P 500 by market cap
Jul-11 15:02EM $ indices were marginally wider (+0.3bp) having set new yearly tights the week before.
Jul-11 08:06
MNI INTERVIEW: UK Employment Law Tightens As Jobs Data Ease

MNI INTERVIEW: UK Employment Law Tightens As Jobs Data Ease

MNI INTERVIEW: Chile Likely To Resume Easing Cycle - Ceballos

MNI INTERVIEW: Chile Likely To Resume Easing Cycle - Ceballos
Key Events
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Open CalendarLink to the pagemyMNIhttps://my.mnimarkets.com/dashboard?widget=/events/key-events-calendarHSC on myMNILink to the pageMore CalendarsLink to the page
MNI INTERVIEW: UK Employment Law Tightens As Jobs Data Ease

MNI INTERVIEW: UK Employment Law Tightens As Jobs Data Ease

MNI INTERVIEW: Chile Likely To Resume Easing Cycle - Ceballos

MNI INTERVIEW: Chile Likely To Resume Easing Cycle - Ceballos
Key Events
Calendar
Open CalendarLink to the pagemyMNIhttps://my.mnimarkets.com/dashboard?widget=/events/key-events-calendarHSC on myMNILink to the pageMore CalendarsLink to the pageLatest insights
Fed rate cut pricing was little changed this week, as data appeared to confirm a steady economic outlook.
Jul-11 21:00The EU, Germany, Spain and France are all due to hold auctions in the upcoming week.
Jul-11 15:34MNI reports on a document advising Canada's finance minister on tactics for a call with Scott Bessent.
Jul-11 15:23It’s a busier first week to the earnings season than usual this quarter, with close to 10% of the S&P 500 by market cap
Jul-11 15:02EM $ indices were marginally wider (+0.3bp) having set new yearly tights the week before.
Jul-11 08:06Newsletter
MNI US OPEN - Passthrough Pressure Seen Mounting in US CPI
Jul-15 09:41MNI DAILY TECHNICAL ANALYSIS - EURGBP Reinforces Bull Trend
Jul-15 07:57MNI EUROPEAN MARKETS ANALYSIS: US CPI Out Later
Jul-15 05:37MNI EUROPEAN OPEN: Rising JGB Yields Remain In Focus
Jul-15 05:22MNI ASIA OPEN: Kevin Hassett Lead Contender for Fed Chair
Jul-14 20:18MNI ASIA MARKETS ANALYSIS: Focus On June CPI Inflation Tuesday
Jul-14 20:08MNI US MARKETS ANALYSIS - Firm EUR May Reflect Tariff Hopes
Jul-14 11:09MNI US OPEN - Trump Ups Tariff Ante, But Talks Ongoing
Jul-14 09:32MNI Technical Analysis
USD Index (DXY) Tests A Long-Term Trendline Support

FI Market Analysis
Read moreFI Market AnalysisThe minutes of the June FOMC meeting should underline the Committee's patience in making its next rate move.
July 08, 2025 06:35Politics (both domestically and internationally) will drive UK markets this week with monthly activity data also due.
July 07, 2025 01:56European bond futures positioning is as mixed as we have seen it in 2025, with BTPs very long and Gilts very short.
July 07, 2025 01:52European bond futures positioning is as mixed as we have seen it in 2025, with BTPs very long and Gilts very short.
July 07, 2025 01:50FX Market Analysis
Read moreFX Market AnalysisA somewhat robust payrolls report sees near-term Fed rate cut odds slashed with the Fed still in "wait and see" mode
July 04, 2025 04:24We think that the market is looking at the wrong measure of reserves when discussing the BOE’s September APF decision
July 04, 2025 01:59A weekly wrap of some of the key macro themes/data outcomes for the Asia Pac region
July 04, 2025 05:53GBP STIRs have pulled away from dovish session extremes given the adjustment in Fed pricing after the U.S. data. * SONIA futures flat to +5.5, with the strip bull flattening. * SFIZ5 & Z6 pierced respective May 9 & May 8 high before a retrace. Bulls will now look to target wider May highs in those contracts. * BoE-dated OIS hasn't been able to push consistently beyond 55bp of cuts through year-end, with markets probably needing to see greater deterioration in the labour market/a swifter than expected moderation in inflation to be comfortable with discounting a meaningful deviation from the once per quarter cutting cycle that has become familiar in recent months. * Comments from BoE dovish dissenter Taylor are due tomorrow. ------------------------------------------------------------------------------- BoE Meeting SONIA BoE-Dated OIS (%) Difference vs. Current Effective SONIA Rate (bp) Aug-25 4.005 -21.3 Sep-25 3.931 -28.6 Nov-25 3.758 -46.0 Dec-25 3.665 -55.2 Feb-26 3.531 -68.7 Mar-26 3.495 -72.2
July 01, 2025 03:05