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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
After further sanctions have been placed on Russia over the weekend (including barring Russian banks from SWIFT) risk concerns have been the driver of STIR markets trhough the Asian session and in early European trading.
- The Eurodollar strip has seen the biggest moves, up to 11 ticks through the Reds while the SONIA and Euribor strips are both up to 6 ticks higher.
- In spite of this, changes to last Monday's close are relatively minimal outside of the SONIA and Euribor Whites / early SONIA Reds.
- With this in mind, we particularly think that there looks too much priced into the SONIA strip this year, with both the geopolitical backdrop, upcoming NI rise and increases in costs of living likely to see BOE hikes front loaded, but slowing in H2.
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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