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Policy
Policy
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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Global Macro
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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 AccessMNI POLITICAL RISK - Trump Rounds Out Cabinet Nominations
MNI POLITICAL RISK ANALYSIS - Week Ahead 25 Nov-1 Dec
Post-LIBOR Settle Update: Benchmark Rebounds
Lead quarterly EDU2 trades -0.015 at 96.685 after latest 3M LIBOR set' rebounds +0.01385 to 2.80214%, still off last Wed's 3.5Y high: 2.80586% (+0.02200 total last wk). The 3M benchmark had gapped lower Thu after the FOMC delivered a second consecutive 75bp hike while scaling back hawkish forward guidance for Sep.
- Nevertheless, balance of Whites through Reds (EDU2-EDM4) trade -0.015-0.030, Greens through Golds (EDU4-EDM7) steady to +/-0.010 with Blues outperforming.
- Front end inversion extends: Dec'22/Mar'23 at -0.175. Most inverted calendar spds: EDZ2/EDZ3 at -0.565, EDH3/EDH4 at -0.705. Inversion starts to flatten out in Green Jun'25 vs. Blue Sep trading steady.
- Limited option volumes reported Friday, two-way trade as underlying futures climbed off late overnight lows. Salient trade: -4,500 Dec 97.37 straddles, 1,250 Green Sep 96.87/97.00/97.12/97.25 put condors, Block, 7,000 98.00/99.00 call spds, 2.0 ref 96.965.
To read the full story
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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.