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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
- The Eurodollar strip been fairly steady since about 1:00GMT after big falls yesterday off Powell's comments. Around 44bp priced in for the May meeting now with around 80bp by June. For 2022 as a whole around 190bp is priced for the remaining six meetings.
- SONIA futures moving lower in sympathy with Eurodollars with Reds down up to 12 ticks this morning. Markets now price around a 50% probability of a 50bp BOE hike in May (with 25bp fully priced) and 136bp in the six meetings to December (so the equivalent of almost 5.5 25bp hikes in 6 meetings).
- The Euribor strip is also lower with Reds down up to 9 ticks. Markets are now fully pricing a 25bp hike by September with 43.5bp priced by year-end.
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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