Free Trial
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 implied yields sit 1-1.5bps lower on the day in front two contracts with the rally increasing thereafter to as much as 8bps in the green pack with Powell finished speaking.
- Peak yields remain seen in the EDM3 with inversion thereafter not wildly changed on the day: EDM3/Z3 -0.44, EDZ3/Z4 -1.26 near record lows and ED2/6 from a policy pivot perspective widening to -0.825 but still comfortably off mid-Nov lows closer to -1.00.
- Heavy focus in Powell’s remarks on the risk management approach to monetary policy when waiting for actual evidence that inflation is coming down. My colleagues and I don’t want to overtighten because cutting rates is not something we want to do soon, so that’s why we’re slowing down the pace of hikes to try to find out way to what the right level is.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok