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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
- Euribor futures are seeing decent moves this morning following a Bloomberg ECB sources piece overnight that suggested more Governing Council members were losing faith in the ECB's staff forecasting abilities (particularly regarding the inflation forecasts) and were leaning towards hiking earlier even if the forecasts are not revised up more significantly. The Jun-23 contract is the biggest mover, down 4.0 ticks on the day, while other Reds/Green are down 2.0-3.5 ticks on the day.
- The SONIA and Eurodollar curves are also seeing some downward pressure with SONIA futures down up to 2.0 ticks with the biggest moves in the Reds while Eurodollar futures are seeing bigger moves further out the curve (Greens down 1.5 ticks).
- US CPI is likely to be the biggest global driver of STIR markets later today (due at 13:30GMT) while Bailey's speech will be closely watched by SONIA futures traders.
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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