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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
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Emerging Markets
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Commodities
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Credit
Real time insight of credit markets
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Data
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MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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About Us
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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
- Balance of Whites (EDU2-EDH3) trade -0.030-0.070 lower, Reds (EDM3-EDH4) -0.085 lower, Greens through Golds (EDM4-EDH7) -0.085-0.045 w/ Golds outperforming.
- Inversion holds to front Reds (mkt measure of confidence in Fed managing a soft landing/avoiding recession): Red Sep (EDU3) currently trading 96.74 vs. Red Jun (EDM3) at 96.64. Levels start to flatten out (dis-invert) around Blue Sep'25-Dec'25 trading 97.075-.06.
- Monday FI option trade recap: listed option trade faded Mon's rally favored downside/rate hike insurance buying via puts across the curve. Underlying driver: the Fed likely needs to move mon-pol to a restrictive stance to contain inflation, Cleveland Fed Pres Mester told MNI Mon, warning the Fed's estimate of nominal longer run fed funds rate of 2% to 3% might still leave policy too accommodative.
- Highlight trade in SOFR options: Total 11,000 SFRQ2 97.25/97.43/97.50/97.62 2x2x1x1 put condors, for net level 1.0/belly over at 1156:00ET. Same structure Blocked early Friday 6.3k from 0.75-1.0 as acct loads up on downside/rate hike insurance. SFRU2 futures currently trading 97.665 (+0.010)
- Limited downside put fly buying in Eurodollar options included 10,000 Jun 96.25/96.50/97.00 broken put flys, 3.5 vs. 97.40/0.10%, and 5,000 short Jun 96.25/96.50/96.75 2x3x1 put flys, 1.0.
To read the full story
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Please enter your details below.
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.