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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessPost-LIBOR Settle Update, 3M Recedes, 50Bp Liftoff Odds Cool
Lead quarterly EDH2 holding firmer, +0.020 to 99.3525 after latest 3M LIBOR set'
recedes -0.00714 to 0.48100%, -0.02543 total on wk.
- Balance of Whites (EDM2-EDZ2) +0.035, while Reds (EDH3-EDZ3) through Golds (EDH6-EDZ6) trade +0.040-0.050.
- Is scheduling of StL Fed Bullard correlated to chances of 50bp liftoff chances in March? Market pricing more aggressive rate hike expectations cooling as Bullard discussed policy outlook again today at 1100ET at Columbia University (no text, but will field Q&A with audience and media).
- StL Fed Bullard had doubled down/reprised his hawkish policy stance Monday morning. Mar pricing in less than 10% chance of 50bp liftoff next month, well off 100% early Monday.
- Inversion implying market's policy uncertainty: Green March'24 at 97.76 trading 0.045 over Red Dec'23.
- Option trade remains mixed with call volume rising: over 400k calls traded between Mar-Jun expiries Wednesday, OI +149k.
To read the full story
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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.