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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
- There has been continued divergence between Eurodollar and short sterling/Euribor this morning. The Eurodollar strip has moved lower by up to 5.5 ticks on a combination of some hopes regarding the Omicron variant (less interventions needed in hospital in South Africa) which has also helped push commodity prices higher. Given recent comments from Fed members have seemed less concerned regarding Omicron than BOE/ECB members, the ED strip remains more sensitive to both Omicron news and inflation news.
- As we have noted in previous bullets, Broadbent's speech today at 11:30GMT will be the key event for short sterling markets. Saunders was less hawkish on Friday and Broadbent is seen as the swing voter, so if he is even equally cautious relative to Saunders, a December hike would appear to be a remote possibility at this stage.
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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