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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
It has been an interesting start to the European session for STIR futures.
- SONIA futures have seen the front couple of contracts through Dec-22 move higher on the day, small moves lower between Mar-23 and Sep-23 and then a flattening of the curve thereafter. This is largely on the back of this morning's UK inflation data which saw headline come in a tenth above expectations but core was in line, and the market had probably been looking for a bit of a higher print to firm up pricing ahead of the August MPC meeting in 2 weeks.
- The Euribor and Eurodollar strips have seen smaller moves with the Euribor strip holding on to yesterday's losses following the sources pieces that stated the ECB will discuss a 50bp hike this week. The Euibor strip is flat to 1 tick lower on the day while the Eurodollar strip is flat to 2 ticks higher on the day.
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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