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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 unwound some of today’s rally, especially further out the curve, but it doesn’t materially change the takeaway from the session: implied yields have been trimmed across the curve (6.5-8bps in most cases) and the recent aggressive inversion through 2023 remains intact.
- Having initially reversed the rally seen after growth fears were exacerbated by Friday’s ISM manufacturing miss (including the first contraction in new orders since May’20), yields are now between 5-15bps lower than pre-ISM levels again, with the largest difference in the green pack.
- Yields are seen peaking in EDZ2 at 3.60% before 75bps of cuts in EDZ2/EDZ3 and then a further 25bp in EDZ3/EDZ4, although interestingly before renewed hikes are priced further out.
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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