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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.
NATURAL GAS
ICE has the cut the margin requirements on European front-month TTF gas by another 31% to the lowest rate since July 2021 amid weak prices and falling volatility this winter.
- The fifth cut since October takes the initial margin rate down to 5.96€/MWh effective from close of business Monday 26th February 2024 according to an ICE notice.
- Market volatility and prices have fallen throughout the winter months amid healthy supply, high gas storage and muted demand assisted by mild weather. TTF front month is however edging higher today after falling 7€/MWh from early February to the lowest since May 2021 at 22.315€/MWh on Feb. 23.
- TTF second month implied volatility recovered slightly last week to 72.1% today from a low of 63.15% on Feb. 9.
- TTF MAR 24 up 2.7% at 23.55€/MWh
- TTF SUM 24 up 2.3% at 24€/MWh
- TTF WIN 24 up 0.5% at 28.1€/MWh
- TTF SUM 25 up 0.3% at 26.4€/MWh
Source: Bloomberg / ICE
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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