CANADA MAY CPI +2.9% YOY VS FORECAST +2.6%, PRIOR 2.7%

MNI: Bowman Warns Of Fed Divergence With Other Central Banks

MNI BRIEF: China To Empower AI For Economic Growth - Li Qiang

MNI China Daily Summary: Tuesday, June 25

EZ/UK Bond Supply Calendar: Lithuania Synd; UK Auction Wednesday

MNI: US CONF BOARD CONSUMER CONFIDENCE 100.4 IN JUN V MAY 101.3

MNI:US APR FHFA HPI SA +0.2% V +0.0% MAR; +6.3% Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Eurodollars Swing On Waller Comments

FED
  • Eurodollars fell 4 ticks over 2H2022 contracts as Waller said he sees the March FOMC meeting as “live” for a hike with it being very likely a rate hike could happen then.
  • However, EDZ2 has since increased 3 ticks when he added that balance sheet runoff can be one or two meetings after liftoff, which could be by the summer of 2022. It "would also help remove accommodation, reducing the need for additional rate hikes".
  • As it is, the Dec22 implied yield of 1.01% is very close to where it was prior to the Fed decision on Wed. It got as high as 1.1% on the initial announcement before retracing fully during Powell's conference.
  • We viewed Waller towards the hawkish end of the FOMC (and the most out of the permanent voters on the Board) when recently updating our dove-hawk spectrum prior to Wed.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.