-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI POLITICAL RISK - Trump's First Post Election Interview
MNI POLITICAL RISK ANALYSIS - Week Ahead 9-15 Dec
Early SOFR/Treasury Option Roundup: Hedging Rising Chance of Rate Cut
SOFR and Treasury option trade looking pared on net overnight after better call flow in early London trade. Moderate put trades in Dec/short Dec SOFR and 10Y option reported just as underlying futures stage rally past Tuesday's post-CPI rally, TYZ3 back to mid-September levels. As such, projected rate cut in early 2024 gains momentum: December at 0bp at 5.333%, January 2024 cumulative -1bp (7.1bp pre-CPI) at 5.323%, March 2024 pricing in -33.9% chance of a rate cut (-16% pre-CPI) with cumulative at -9.5bp at 5.238%, May 2024 pricing in -51.8% chance of a rate cut with cumulative -22.4bp at 5.108%. Fed terminal has fallen to 5.335% in Dec'23.
- SOFR Options:
- 2,500 0QZ3 95.25/95.43 put spds vs. 0QZ3 95.87/96.00 call spds
- 3,000 SFRZ3 94.62/94.75 call spds ref 94.63
- 3,000 0QZ3 94.87/95.12/95.25/95.37 put condors ref 95.71
- 2,500 0QZ3 95.50/96.00 strangles ref 96.315
- 6,200 SFRM4 95.25/95.50/95.75/96.00 call condors ref 95.06
- 3,000 SFRF4 94.56/94.62/94.69 call flys ref 94.775
- 5,000 0QH4 97.50/98.00 call spds ref 95.945
- 2,500 SFRM4 95.25/95.62 call spds ref 95.035
- Treasury Options:
- 3,000 TYZ3 110/110.5/111 call flys ref 109-06
- 2,200 TYZ3 108.75/109.5 put spds 36 ref 109-05
- 4,200 TYZ3 108.75 puts 2 over TYZ3 109.25/109.75 call spds
- 8,900 TYZ3 107 puts, 1 ref 109-06
- 9,900 FVZ3 107.25 calls, 2.5 ref 106-04
- 2,000 TYF4 112.5 calls, 10 ref 109-09.5
- 2,000 FVZ3 106.5 calls, 7 ref 105-31.75
- 6,500 TYZ3 110 calls, 4 ref 108-28 to -28.5
- 1,500 Wed/wkly TY 107.5/108/108.5 put trees, 9 ref 108-28.5
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.