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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
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Emerging Markets
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Commodities
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Credit
Real time insight of credit markets
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Data
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Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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About Us
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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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRiEF: Riksbank Puts Neutral Rate In 1.5 To 3.0% Range
MNI: Japan Govt Keeps Economic Assessment, Ups Imports
VIEW: Natwest Markets note.......>
US EURODLR FUTURES: VIEW: Natwest Markets note that "June FRA/OIS is currently
priced at 37bps, implying an average narrowing of ~1.5bps per day, every day,
until the June expiry. While we do expect that spot LIBOR/OIS will continue to
narrow from here, we think the market-implied path into June is simply too
aggressive. We recommend getting short June ED contract (EDM0) at 99.55, or
alternatively getting long June FRA/OIS spreads at 37bps. It's worth noting that
we do not think the Fed is entertaining negative rates at this point, and as
such, see less risk to being outright short ED. If anything, we see EFFR prints
likely being pulled higher by increasing bill and repo rates. There is also some
possibility that the Fed increases their administered rates (IOER and O/N RRP)
before June, even if that is not currently our base case. Either way, with the
target range likely pinned at 0 to 25 for the foreseeable future we do not
expect Fed expectations to be a meaningful driver of ED until we have once again
reached some semblance of stabilization in LIBOR."
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.