RPT-MNI INTERVIEW: ECB's Wunsch Sees At Least Two Cuts By Dec

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Sets Yuan Parity Lower At 7.1043 Mon; -4.74% Y/Y

MNI BRIEF: China’s April Loan Prime Rate Unchanged

CHINA SETS YUAN CENTRAL PARITY AT 7.1043 MON VS 7.1046

INDON Sov Curve Flatter, Trade Surplus Soars, BI Decision Wednesday

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Week Ahead (1/3)

UK
  • Following the emergence of a new Covid-19 Variant of Concern which has since been given the name Omicron late last week, any data on the spread of the variant, severity of symptoms and efficacy of vaccines will once again be at the top of the market's mind. On Friday the short sterling strip saw the Dec-21 contract move 3.0 ticks higher and most of the rest of the strip 10-11 ticks higher as markets priced in a level of concern that the Bank of England could potentially delay plans to raise rates in the face of greater uncertainty over the path of Covid-19. Smaller moves were seen in the Euribor strip while the Eurodollar strip saw larger moves.
  • Both the Euribor strip and Eurodollar strips have reversed around a third of the moves seen Friday at the time of writing, and we would expect to see some similar downward pressure on the short sterling strip on the open today. This follows some comments over the weekend that the variant has so far been linked to mild illness and reiteration from a number of health officials that we are not back to square one and that vaccines are still likely to protect against the most severe illness (even if their efficacy is lower than with the Delta strain).
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.