- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- Data
- 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.
- About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI China Press Digest Nov 28: Private Sector, PBOC, Bonds
PBOC Injects Net CNY96 Bln Tues; Rates Unchanged
MNI: PBOC Yuan Parity Lower At 7.1132 Tuesday; +0.18% Y/Y
MNI BRIEF: Aussie Retail Sales Fall In October
Post-LIBOR Settle Update: New 3M High Weighs Lead Quarterly
Lead quarterly EDM2 dips -0.0025 to 98.2275 after latest 3M LIBOR set' gains another +0.02200 to new 2Y high of 1.59786% (+0.09143/wk). Midweek cooling of rate hike pricing for the fall pauses w/ balance of Whites (EDU2-EDH3) currently trading steady to +0.015, Reds-Golds (EDM3-EDM7) steady to +0.020-0.030 w/ Greens-Blues lagging.
- Inversion holds to front Reds: low mkt measure of confidence in Fed managing a soft landing/avoiding recession has extended: Red Sep (EDU3) currently trading 96.96 vs. Red Jun (EDM3) at 96.865. Levels start to flatten out (dis-invert) around Blue Sep'25-Dec'25 trading 97.245.
- Thursday FI option trade recap: Mixed FI option trade Thu as SOFR and Eurodollar options focused on upside calls as underlying futures in the short end outperformed as rate hike pricing through the fall moderated (chance of 50bp hike in Sep well below 50%). Treasury options focused on puts while trade volumes evaporated as longer rates traded weaker ahead midday.
- Conditional curve trade included a sale of 20,000 short Jun 97.25 calls vs. Blue Jun 97.62 calls, 1.0 net bull flattener as paper faded the steeper curves on the day. Salient call trade included 8,500 Jun 98.25/98.31 call spds, 5,000 short Aug 96.50/97.00 call spds, 12.5 and 6,000 Blue Sep 98.25 calls.
- SOFR option Block trade had paper buying 1,500 SFRU2 97.43/97.56/97.68/97.93 call condors, 0.5 belly over.
To read the full story
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
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.