BOSTIC: IF INFLATION REACCELERATES, HAVE TO CONSIDER HIKES

MNI BRIEF: Fed's Bostic - Rate Cut Likely At End of Year

MNI BRIEF: Fed Could Wait Until 2025 To Lower Rates - Kashkari

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI China Daily Summary: Thursday, April 18

MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

JAPAN MARCH SERVICES PRICES +2.1% Y/Y; FEB +2.2%

MNI JAPAN MARCH CORE CPI +2.6% Y/Y; FEB +2.8%

MNI: FED BALANCE SHEET TOTAL ASSETS -$33B TO $7.406T IN WEEK

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Post-LIBOR Settle Update: Modest Bid Post Benchmark Gain

US EURODLR FUTURES

Lead quarterly Dec'22 (EDZ2) at 95.14 (0.010) after latest 3M LIBOR set' climbs +0.02157 to new 14Y high of 3.94071% (+0.03200/wk).

  • Modest bounce does little to change chances of 75bp hike at Nov FOMC, while the balance of Whites through Greens (EDH3-EDU5) +0.015-0.020, Blues-Golds (EDZ5-EDU7) steady to +0.015.
  • Current inversions: Mar'23/Jun'23 -0.025; Dec'22/Red Dec'23 at -0.200, Mar'23/Red Mar'24 at -0.475, Jun'23/Red Jun'24 at -0.630. Inversion flattens out with Blue Dec'25/Mar'26 both trading 96.15.
  • Monday's Columbus day bank holiday hampered liquidity w/ trade volume limited to Globex. Mixed flow as decent downside put insurance buying outpaced sporadic call trades as chances of 75bp rate hike in November continued to firm.
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.