Free Trial

Midday Volatility, Similar Themes

US TSYS
Markets reacting on s smaller scale to similar themes from Wednesday: Fed Chair comments on policy and comments regarding third round of Russia/Ukraine peace negotiations with possible temporary ceasefire.
  • The latter inducing more of an immediate reaction with equities paring losses but drawing renewed selling, SPX eminis -3.0 around 4378.5, DJIA in the black +15.0.
  • Fed Chair Powell headline "TOO EARLY TO SAY IF RUSSIA CHANGES FED RATES PATH" could be viewed with a hawkish light if he is thinking in terms of pre-invasion pricing -- in which case short end still needs to trade lower to match last Friday's levels. While that may not be the case, March'22 Eurodollar futures are under heavy pressure: EDH2 -0.0675 at 99.2875.

To read the full story

Close

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.