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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: Dec Step-Down Steady
Lead quarterly Dec'22 (EDZ2) trades +0.050 at 94.99 (94.885 pre-CPI last Thu) after latest 3M LIBOR set' climbs +0.00585 to 4.64971% (+0.04357/wk) - matches last Thu's new 14Y high set.
- Fed funds implied hike for Dec'22 steady at 50.9bp, Feb'23 cumulative 86.0bp to 4.708%, terminal 4.89% in May'23/Jun'23 (5.08% pre-CPI).
- Balance of Whites (EDH3-EDU3) currently +0.035-0.060, Reds through Golds (EDZ3-EDU7) currently +0.065-0.090, Blues-Golds outperforming. Deferred spds:
- Mar'23/Jun'23 -0.015
- Jun'23/Sep'23 -0.265 vs. -0.240 early Mon;
- Dec'22/Red Dec'23 at -0.400 vs. -0.345,
- Mar'23/Red Mar'24 at -0.905 vs. -0.870,
- Jun'23/Red Jun'24 at new cycle low of -1.170 vs. -1.135 prior.
- Inversion flattens out in early Blues: EDZ5-EDH6 both 96.575.
- Mixed trade on moderate volumes Monday, Treasury options seeing better flow centered on upside 10Y call buying as underlying futures climb off weaker opening levels. Markets not quite committed to last Thu's softer CPI with some speculative call buyers look to catch the highs in yields.
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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.