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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
The weak run of December flash PMIs allows for deeper 2024 ECB cuts to be priced back into the market.
- ECB-dated OIS contracts now show 154bps of cuts through 2024 - up from 146bps before the PMIs but still shy of dovish extremes seen Wednesday.
- There continues to be around 2-2.5bps of cuts priced for the next ECB meeting in January.
- Data-derived impetus leaves Euribor futures little changed to +5.0 through the Blues, with a pullback from best levels in core EGBs helping cap the rally for 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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