MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Post-LIBOR Settle Update: Higher Set, Futures

US EURODLR FUTURES

Lead quarterly Dec'22 (EDZ2) trading -0.060 at 95.295 after latest 3M LIBOR set' climbs +0.03757 to 3.64143% (+0.07614/wk) - highest level since late October 2008.
Futures blipped off lows briefly following BoE 50bp rate hike annc (in-line w/ expectations though three members voted for 75bp hike), reverses bounce quickly.

  • Meanwhile, balance of Whites through Greens (EDH3-EDU5) -0.090-0.130 -- pricing in more hawkish guidance from the Wed's FOMC Blues (EDZ5-EDU6) -0.060-0.025, Golds (EDZ6-EDU7) steady to +/- 0.020
  • Current inversion pricing: Mar'23/Jun'23 -0.030; EDZ2/EDZ3 at -0.225, EDH3/EDH4 at -0.610. Inversion flattens out with Blue Mar'26/Jun'26 both trading 96.56.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

To read the full story

Close

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.