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Why MNI
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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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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Commerzbank Like Some Steepener Plays
Commerzbank write “with the market pricing out rate cuts the Euribor Jun24/Dec24 spread steepened to -61bp.”
- •“The Euribor curve in these expiries is very directional, steepening as rates rise and vice versa.”
- •“Even-weighted steepeners in Jun24/Dec24 contracts look attractive, as this is the most inverted part of the strip and offers positive roll.”
- •“An outright-neutral (regression-weighted) position could be considered in the Sep24/Mar25 spread (buying the Sep 24 vs the Mar 25 contract with a ratio of 1:0.87), a position that should benefit from the relative flatness.”
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.