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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.
US EURODLR FUTURES
- Eurodollars are largely keeping to an earlier pullback in implied yields, with EDZ2 -2bp and EDZ3 -5bps, despite equities rolling over.
- The move chips away at Friday’s continued front-loading of the curve, which has helped push implied yields in late dated whites as much as 40bps above post Jul-FOMC levels.
- Spreads keep within the range seen since early July for EDZ2/EDZ3 (-0.70) but with growing inversion thereafter with new lows for EDZ3/EDZ4 (-0.52).
- It’s a similar theme to fresh post-2000 flats in UST 2s10s (currently -5bps on the day at -44.5bps) on softer growth expectations amidst continued pricing in of large near-term Fed hikes with 70bps priced for Sep and 121bps over the three meetings to year-end.
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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