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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 jumped to new session highs after the market notice to the BoE purchases and despite retracing still see EDZ2 +0.085 and EDZ3 +0.205 (high 0.285).
- Compared to levels from close after last week's FOMC, yields are currently as much as 12bps lower in the EDH3, but higher rates for longer wins out with yields still higher from EDZ3 onwards, hitting 25bps higher by EDZ4 after which the curve is largely flat - see chart.
- Near-term, Fed Funds futures fluctuate but currently show a 65bp hike for the Nov 2 FOMC, down only 1bp from pre-purchase levels and with a recent range of 63-66bps.
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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