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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
- An unsurprisingly quiet session with the US holiday, with only 41k of EDZ2 traded at the time of writing.
- Yields firmed through the white and red packs through European hours (led by EDH3 +4.5bps), with the mood set by a sharp reversal of Friday’s rally in European sovereign bonds despite few headline drivers aside late on ECB’s De Guindos leaning heavily on a 25bp hike in July.
- Front contract yields are back higher than just prior to the ISM manufacturing miss whilst the curve remains heavily inverted thereafter, peaking at 3.70% in EDZ2 before 11bps of cuts through EDZ2/EDH3 and 75bps of cuts through EDZ2/EDZ3
- Tomorrow sees a slow start to the US week with factory orders before picking up with the service PMI and FOMC minutes plus NY Fed’s Williams speaking on Wednesday.
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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