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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.
US EURODLR FUTURES
- Eurodollars extend to session lows across most of the curve, remaining up to 2 ticks richer on the day out to the Jun’23 but 2-3.5bps cheaper further out the curve, fading the IMF potentially revising its China economic forecast lower.
- German CPI spillover was behind both the earlier rally and then subsequent reversal, which combined with increased corporate issuance has set the trend tone for most of the rest of the session that has helped build on yesterday’s more hawkish Fedspeak ahead of Powell tomorrow.
- It chips away at inversion levels but doesn’t wildly change the picture: EDM3/Z3 at -0.41, EDZ3/Z4 -1.22 pushes a bit further off record lows and ED2/6 nudges up to -0.765.
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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