Free Trial
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.
STIR FUTURES
- There have been no real headline triggers but STIR futures have continued yesterday's upside momentum in early European trading - reversing a small pullback during the Asian session. Euribor, SONIA and Eurodollar futures are all seeing moves up to 7.5 ticks higher at writing (with the Euribor strip a couple of ticks off its highs).
- For the ECB, markets price 29bp for July (down around 5bp so far this week), 77bp by September and 148bp by year-end (down 25bp so far this week).
- The SONIA strip no longer fully prices a 50bp hike in August, with 48bp now priced (down 10bp this week so far), 92bp (cumulatively) by September, 134bp by November and 158bp by year-end (down 25bp this week).
- For the Fed, around 69bp is priced for July (little changed on the week), 127bp (cumulatively) by September and 181by by year-end (down 15bp on the week).
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok