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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 Rebound
Lead quarterly Dec'22 (EDZ2) dips -0.010 to 94.875 after latest 3M LIBOR set' rebounds +0.03114 to 4.35800% -- just off last Fri's 14Y high of 4.35843% after Mon's lower set.
- A 75bp hike at Nov FOMC remains a lock, while pricing another 75bp in Dec continues to ease off last week's lvls after SF Fed Daly voiced concern over tightening monetary policy too much last Friday.
- Balance of Whites (EDH3-EDU3) trade +0.005-0.020, Reds (EDZ3-EDU4) +0.035-0.060, Greens through Golds (EDZ4-EDU7) +0.065-0.075.
- Current inversions: Mar'23/Jun'23 -0.060; Dec'22/Red Dec'23 at -0.325, Mar'23/Red Mar'24 at -0.640. Inversion flattens out in Blue Dec'25-Blue Mar'26 trading 96.040.
- Option positioning: Pick-up in upside call trade following Fri's strong rebound in 2s-10s amid speculation over a 75bps hike at year end (WSJ/Timiraos) underscored by midday comments from SF Fed Daly (FOMC needs to start considering a slowing the pace of interest rate hikes in order to avoid tightening monetary policy too much).
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.