MNI BRIEF: EC Sees Slight 2025 Euro Fiscal Contraction

BOC'S MENDES SEES US TARIFF INFLATION RISKS AS TWO-SIDED

MNI: BOC Sees More Rate Cuts If Economy Evolves As Expected

MNI China Daily Summary: Tuesday, November 26

MNI BRIEF: China Supports Globalisation Despite Turbulence

MNI: PBOC Net Injects CNY11.0 Bln via OMO Tuesday

MNI: US OCT NEW HOME SALES -17.3% TO 0.610M SAAR

MNI: US Q3 FHFA HPI Q/Q SA +0.7% V +4.3% Q3 2023

MNI:US SEP FHFA HPI SA +0.7% V +0.4% AUG; +4.4% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

STIR: OI Points To Long Setting In SOFR Whites Monday, Short Cover Further Out

STIR
BulletMarketsFixed Income Bullets

OI data points to long setting dominating in the white SOFR futures pack on Monday, while short cover was more prominent further out the strip.

  • The rally in SOFR futures came as markets deemed Trump’s nomination for Tsy Secretary to be less inflationary than some of the alternatives.
  • Subsequent tariff threats from Trump (against China, Canada & Mexico) have limited the move from developing further, although contracts are merely little changed to -3.0 vs. settlement at typing, nowhere near paring Monday's rally further out the strip.
  • The latest Fed pricing run will be provided in our upcoming STIR bullet.

 

Keep reading...Show less
115 words

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.

OI data points to long setting dominating in the white SOFR futures pack on Monday, while short cover was more prominent further out the strip.

  • The rally in SOFR futures came as markets deemed Trump’s nomination for Tsy Secretary to be less inflationary than some of the alternatives.
  • Subsequent tariff threats from Trump (against China, Canada & Mexico) have limited the move from developing further, although contracts are merely little changed to -3.0 vs. settlement at typing, nowhere near paring Monday's rally further out the strip.
  • The latest Fed pricing run will be provided in our upcoming STIR bullet.

 

Keep reading...Show less