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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
ECB-dated OIS contracts price a new dovish extreme of 163bps of cuts through the December 2024 meeting, as the dovish Fed feedthrough remains evident.
- A 25bps cut through the March 2024 meeting is almost fully priced, with 23bps of cuts priced at typing. There are now 52bps priced through the April 2024 meeting.
- The Euribor strip firms, sitting +1.0 ticks to +23.0 ticks, with Whites/Reds leaning.
- Focus will be on whether the ECB pushes back on current rate cut pricing later today (decision released at 1315GMT, press conference at 1345GMT). Our full preview of the event can be found here.
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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