MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

MNI: BANK OF KOREA KEEPS POLICY RATE AT 3.50%: PRESS

UK Activity Data Due at 7:00 BST

Asia Sovs Steady Ahead Of US CPI, PH Defense Spending To Increase

Japan May Machine Orders -3.2% M/M

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Post-LIBOR Settle Update, 3M New Highs

US EURODLR FUTURES

Lead quarterly EDH2 holding overnight gains at 99.42 (+0.010) following latest 3M LIBOR set' +0.01114 to 0.37743% -- highest lvl since May 27, 2020 -- gaining +0.03843 for the week so far.

  • While 3M interbank lending benchmark continues to surge higher, lead quarterly reluctant to price in more than appr 50% chance of 50bp hike at the next FOMC on March 16.
  • Out the strip: futures trading higher in Whites (EDH2-EDZ2, +0.015-0.025) through Golds (EDH6-EDZ6, +0.035-0.040), unwinding appr half of Tuesday's sell-off in Greens (EDH4-EDZ4) to Blues (EDH5-EDZ5).
  • See-saw action may be over soon -- with markets eager to see Thu's Jan CPI inflation data (0.4% est vs. 0.6% rev).
  • Policy uncertainty/inflection point remains Green Dec'24 (97.845), mildly inverted vs. Blue Mar'25 through Sep'25, mildly higher vs. balance of strip.
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.