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.
EURIBOR
- The whole Euribor strip is down around 5-7 ticks on the Spanish inflation beat (HICP rising from 7.6%Y/Y to 9.8%Y/Y, 1.4ppt higher than consensus expectations). This adds to the small downward moves we had seen overnight.
- Note that we also saw a high print from the German state of North Rhine Westphalia this morning at 2.7%m/m (the comparable national German print is forecast at 1.6%M/M, with HICP expected at 1.9%M/M / 6.8%Y/Y).
- Given the NRW and Spanish prints, there will be increased market focus on the other German states to report higher CPI.
- Whites down 1.0-8.5 ticks on the day, Reds down 9.5-11.0 ticks at writing. 64bp now priced in for 2022 (just over 2.5 25bp hikes).
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