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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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MNI China Daily Summary: Monday, December 9
OI Points to Little Movement In Euribor Futures Positioning On Tuesday
The combination of yesterday's uptick across most of the Euribor futures strip and OI data reveals limited net positioning swings in net pack terms on Tuesday.
- Rounds of net long setting seemed to be offset by short cover through the blues.
- The latest round of (lagged) ECB wage data had little meaningful impact on the strip.
- Cross-market spill over provided as much/greater impulses.
- ECB pricing showed little deviation vs. levels registered on Monday, with participants awaiting inflation expectations, ECB meeting minutes, ECB speak and PMI data later this week.
20-Feb-24 | 19-Feb-24 | Daily OI Change | Daily OI Change In Packs | ||
ERH4 | 863,244 | 859,739 | +3,505 | Whites | +332 |
ERM4 | 648,531 | 648,617 | -86 | Reds | -402 |
ERU4 | 399,657 | 403,653 | -3,996 | Greens | -839 |
ERZ4 | 432,839 | 431,930 | +909 | Blues | -1,402 |
ERH5 | 376,153 | 378,543 | -2,390 | ||
ERM5 | 318,706 | 315,192 | +3,514 | ||
ERU5 | 256,886 | 254,312 | +2,574 | ||
ERZ5 | 293,571 | 297,671 | -4,100 | ||
ERH6 | 187,040 | 187,740 | -700 | ||
ERM6 | 125,037 | 124,919 | +118 | ||
ERU6 | 108,487 | 108,010 | +477 | ||
ERZ6 | 104,864 | 105,598 | -734 | ||
ERH7 | 73,938 | 72,937 | +1,001 | ||
ERM7 | 51,409 | 53,505 | -2,096 | ||
ERU7 | 45,878 | 46,526 | -648 | ||
ERZ7 | 63,106 | 62,765 | +341 |
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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.