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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 are holding relatively little changed early in the session, with yields just 2bps higher in whites/front reds in consolidation of last week’s large rally after a front-loaded ECB 50bp hike and a string of activity indicator misses, most notably the almost 6pt slump in the US service PMI to 47.0.
- EDZ2 yielding 3.715% is 30bps below where it was both after the Jun 15 FOMC and the large beat in US CPI two weeks ago.
- A near parallel shift lower further out the curve since that US CPI beat keeps circa 70bps of cuts through EDZ2/EDZ3, driving 2024 yields closer to where they seen as the Fed first hiked 25bp back in March, before the same drift higher again into 2026.
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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