MNI BRIEF: Foreign Firms Content In China

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

Unemployment Falls To 11.3% In Q2, Driven By Services

1 and 3-Year Consumer Inflation Expectations Remain Unchanged

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.8%

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

SOFR Futures Update

STIR FUTURES

Front end SOFR futures trading steady to mixed, short end mildly weaker:

  • Front month Jun'24 SOFR futures currently -0.015 at 94.90 after 3M SOFR settled +0.00797 to 5.08929. The balance of SOFR Whites through Reds (SFRU3-SFRH5) are currently trading -0.020-0.005 vs. +0.005-0.015 in Greens-Golds.
  • Fed funds implied hike for this Wednesday's FOMC currently at 23.1bp, while Jun'23 cumulative climbs to +29.3bp at 5.123%
  • Projected rate cuts for late 2023 remain well below last Tuesday's highs: November cumulative currently -7.4bp (-31.1bp Tue) at 4.756, Dec'23 cumulative -28.0bp (-52.1bp Tue) at 4.550, while, Jan'24 cumulative holds at -50.2bs vs. a full three 25bp cuts late Tuesday.
  • Fed Terminal currently at 5.115% in Jul'23 this morning.
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.