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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.
EURIBOR
ECB Lane's comments on market pricing being challenging to reconcile w ECB forward guidance, a pretty clear instance of pushing back against market hiking expectations, has spurred a bit of relief in Euribor futures- reds through blues briefly moving up 3-4 ticks (see Dec22 contract in chart).
- Euribor is now off post-2020 lows set earlier this afternoon, and as we pointed out earlier (1351BST), the rate path implied by the Euribor strip seem out of sync with forward inflation swaps which remain relatively under control.
- Lane's full quote (per Reuters): "When you look at market prices of the forward interest rate curve I think it's challenging to reconcile some of the market views with our pretty clear, straightforward forward guidance."
Dec22
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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