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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.
STIR FUTURES
- As the dust settles on this morning's PMI prints, Euribor and Eurodollar futures sit at or close to their highs of the day, while SONIA futures saw a bit of a pullback as the UK data was not quite as bad as the European data (despite still missing consensus expectations).
- Euribor Reds are now up to 28 ticks higher on the day. For the ECB, markets price 29bp for July (down from 31bp yesterday), 81bp by September and 156bp by year-end (down 17bp from yesterday's close of 173bp).
- The SONIA strip is up to 16 ticks higher on the day. For the BOE, markets now pricing about 52bp for August (from 56bp on Tuesday and high of 61bp post-MPC meeting), 96bp (cumulatively) by September, 141bp by November and 168bp by year-end (down around 10bp from yesterday's close).
- Eurodollar futures are up to 10 ticks higher on the day, with the Sep-23 contract leading the gains. For the Fed, around 69bp is priced for July (around yesterday's low), 130bp (cumulatively) by September and 188by by year-end (moving through yesterday's low).
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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