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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.
STIR FUTURES
- As core fixed income has seen a move lower over the last hour or so, the biggest moves in the STIR space have been in Euribor Whites which are down up to 4.5 ticks - effectively pricing in a more aggressive near-term ECB hiking cycle.
- Markets now price in around 22bp (cumulatively) for a July ECB hike, up from 21bp on Friday, 53bp is priced by September (from just below 51bp on Friday) and 92bp is priced by year-end (up from 85bp on Friday).
- Moves in SONIA futures have been more focused on the Greens / Blues. Markets continue to price in 28bp for June, 57bp by August and 108bp by year-end (from 110bp on Friday).
- The Eurodollar futures strip is generally within 0.5-1.0 ticks of Friday's close. Markets price 53bp for June (from 54bp Friday), 102bp by July, 140bp by September and 190bp by year-end (from 189bp Friday).
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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