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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.
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Free AccessMNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM
MNI BRIEF: SNB Cuts Policy Rate By 50 BP To 0.5%
MNI EUROPEAN MARKETS ANALYSIS: ECB Expected To Cut Rates Later
Pocket Of Long Cover Seen In SOFR Futures On Tuesday
OI data points to fairly limited net positioning movement on the SOFR strip on Tuesday, with the only meaningful movement being some long cover in SFRH5 through U5.
- Hawkish feedthrough from Canadian CPI data faded as the long end recovered, while FOMC Governor Bowman cemented her status at the hawkish end of the FOMC spectrum.
- End of ’24 FOMC-dated OIS moved from pricing 46.5bp of cuts late on Monday to 44.5bp of cuts late on Tuesday.
25-Jun-24 | 24-Jun-24 | Daily OI Change | Daily OI Change In Packs | ||
SFRM4 | 1,242,028 | 1,237,232 | +4,796 | Whites | -405 |
SFRU4 | 1,148,252 | 1,150,715 | -2,463 | Reds | -8,618 |
SFRZ4 | 991,064 | 991,495 | -431 | Greens | -5,259 |
SFRH5 | 809,652 | 811,959 | -2,307 | Blues | +7,444 |
SFRM5 | 692,763 | 701,658 | -8,895 | ||
SFRU5 | 621,084 | 624,493 | -3,409 | ||
SFRZ5 | 810,760 | 810,695 | +65 | ||
SFRH6 | 563,753 | 560,132 | +3,621 | ||
SFRM6 | 479,720 | 478,997 | +723 | ||
SFRU6 | 420,447 | 417,264 | +3,183 | ||
SFRZ6 | 354,098 | 358,411 | -4,313 | ||
SFRH7 | 240,501 | 245,353 | -4,852 | ||
SFRM7 | 221,449 | 217,068 | +4,381 | ||
SFRU7 | 182,205 | 179,981 | +2,224 | ||
SFRZ7 | 171,129 | 168,476 | +2,653 | ||
SFRH8 | 114,335 | 116,149 | -1,814 |
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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.