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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 cheapen 1-2.5 ticks across the white and red packs before rallying by increasingly large amounts further out the curve but limited to 5-6bps.
- As has been the case since last week's FOMC, the peak implied yield remains in the EDM3, currently at 5.395% (+1bp from Fri, -5bp from pre-payrolls Thu closes) before keeping to 33bps of cuts to end-2023.
- The curve remains solidly inverted into 2024, with EDZ3/EDZ4 of -0.80 close to the lows seen post-FOMC after which the pace of cuts slows and then levels out completely at a rate 50bps higher than after the Sept FOMC despite today's rally.
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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