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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.
US EURODLR FUTURES
- EDs edge back a little further from session highs with Barkin’s comments, but still see greater than 0.20 increases in late red pack onwards (led by +0.25 in blues), a little over half of which has come since the ISM miss.
- Yields are seen more decisively peaking in EDZ2 (4.675%) having been tied between Z2-H3 first thing and 2023 inversion builds with EDZ2/EDZ3 -35bps from -20bp at Friday’s close.
- Despite the larger daily declines further out the curve, higher for longer messaging still wins out compared to Sep 21 FOMC levels: yields are 10-15bps lower in EDH3-U3 but 15bps higher from 2H25 onwards.
- Barkin's comments: the post-pandemic era may spell more inflationary headwinds but it's premature to say that the US faces an era of more inflation and don't need to make any of these judgments now.
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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