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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
- SOFR futures trade within a handful of ticks off session lows, aside from Dec’23-Jun’24 contracts which still sit as much as 0.10 above lows after larger earlier declines on headlines that major US banks were coordinating a rescue for First Republic.
- In yield space, the white pack has led the push higher (notably Sep’23 +44bps), with comparatively little increase in the reds (2H24 +11bps) and beyond.
- It sees the SFRH3/Z3 spread currently on track for the lowest close of the week (-0.63 from -0.90 yesterday) with the upshot is that 2024 inversion has built again (BAZ3/Z4 -0.81).
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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