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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
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Emerging Markets
Emerging Markets
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Commodities
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Credit
Real time insight of credit markets
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Data
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Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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About Us
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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessLIBOR/SOFR Reference Rate Settles
- Today is the last day to report the lead 3M Eurodollar futures reaction to 3M LIBOR benchmark settlement before conversion to SOFR futures tomorrow*:
- The latest 3M LIBOR settlement climbs +.00900 to new 16 year high of 5.26029% (+0.06243 total on the wk) while Jun'23 Eurodollar futures slip -0.015 to 94.71.
- Relevant 3M SOFR benchmark settlement is 4.98632% (-.00355) with Jun'23 SOFR futures trading -0.010 at 95.045.
- Fed funds implied hike for May'23 at 18.4bp, Jun'23 +19.1bp cumulative at 5.017%, while projected rate cuts later in the year holding near Wednesday's post-CPI highs: Nov'23 cumulative -27.9bp to 4.547%, Dec'23 cumulative -47bp at 4.349.Fed Terminal currently at 5.015% in Jun'23.
- *April 2023, May 2023 and June 2023 Eurodollar futures, and associated options will be excluded from the conversion and will continue to be available for trading until expiration. SR3 futures Onset Price = 3-Month Eurodollar futures settlement price + 26.161 bps. LIBOR benchmark will cease to report on June 30.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.