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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.
US EURODLR FUTURES
- Eurodollars have retraced around half of the move seen overnight on the two-stage Shanghai lockdown.
- They are still led lower on the day by the red pack, currently down as much as 6 ticks yet the moves are dwarfed by the recent shifts to an aggressively steeper curve (H3 53bp higher than after the Mar FOMC).
- Implied yields continue to peak in M3, having been pulled forward a quarter in early last week, and with similar inversion thereafter with just over 25bps of cuts priced to the M4 contract and then a further 20bps in the year after that.
- Only second tier data today and with the next Fedspeak coming tomorrow with Harker (2023 voter) before George (2022) on Wed along with repeat appearances from Barkin and Bostic.
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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