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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 BRIEF: China Crude Oil Imports Accelerate In November
MNI BRIEF: RBA Holds, Notes Declining Inflation Risk
Post-LIBOR Settle Update: Lead Quarterly Expires Friday
Soon to expire lead quarterly Dec'22 (EDZ2) trades +0.0075 at 95.2625 while Mar'23 (EDH3) trades -0.010 at 94.955 after latest 3M LIBOR set' inches +0.00142 higher to 4.73771% (+0.00457/wk).
- Fed funds implied hike for Feb'23 at 32.2bp, Mar'23 cumulative 47.5bp to 4.813%, May'23 54.7bp to 4.884%, terminal at 4.87% in Jun'23.
- Balance of Eurodollar Whites (EDH3-EDU3) steady to -0.015, Reds through Golds (EDZ3-EDU7) +0.030-0.050, Blues-Golds lagging.
- Current deferred spds vs. prior settle
- Jun'23/Sep'23: currently -0.190 vs. -0.170
- Dec'22/Red Dec'23: -0.2125 vs. -0.195
- Mar'23/Red Mar'24: -0.980 vs. -0.930
- Jun'23/Red Jun'24: -1.425 vs. -1.370
- Wednesday options summary: Well ahead of the Fed's anticipated 50bp rate hike Wed, robust option volumes revolved around consistent upside call and call spread buying in SOFR options throughout the session - anticipating further deflation signals in 2023 to spur further step-down from the Fed.
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.