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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
The Euribor strip is +0.5 to +7.0 ticks higher on the day, with Reds outperforming.
- Global core FI markets firmed this afternoon following the softer-than-expected US PPI data.
- ECB-dated OIS contracts price 139bps of cuts through 2024, up from ~135bps before the US data. The first full cut is more than priced through the April 2024 meeting, with 36bps of cuts priced.
- Markets will be watchful of any pushback against current cut pricing at tomorrow's ECB meeting.
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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