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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
- Front EDZ2 holding close to yesterday’s highs in continued thin trade (+0.015 from Wed’s post-FOMC minutes close).
- Larger declines thereafter, unwinding the post-minutes rally with EDZ3 -0.02 and EDZ4 -0.05 again from Wed close.
- The differences are mirrored in Fed Funds pricing, with reluctance to price much more than the 50bp hike widely seen as a done deal for the Dec 14 decision (52bp priced).
- The peak implied yield of 5.27% in EDM3 is unchanged, continuing to trim inversion with EDM3/EDZ3 -0.435 (Nov 15 low of -0.6) although with the pace of cuts into 2024 is still close to record (-1.22 vs -1.25 Wed 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.
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