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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.
STIR FUTURES
There is downward pressure across global STIR markets this morning, although moves have been rather limited and Eurodollar futures have largely failed to move below yesterday's close. The consistent point across all strips is that they are above yesterday's lows.
- We noted yesterday that there had been some decoupling of the Euribor strip from other futures contracts, with a repricing of ECB expectations not having as much impact on ED/SONIA futures as has been the case in the past. We still think that this is because there is already so much priced into these curves that a more hawkish ECB does little to change the picture. It is only geopolitical or commodity price moves that can see significantly more added to current market pricing.
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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