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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.
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Free AccessWhat's priced in?
- Eurodollar futures opened lower this morning as Asian market participants reacted to Friday's payrolls print. The Dec-23 contract is 6.0 ticks lower than Friday's close at 95.33, but still 10 ticks above Friday's intraday low of 95.23. Markets continue to price around 51bp for the December meeting, with the terminal rate seen in May a cumulative 111bp above current levels.
- SONIA futures in contrast have opened higher this morning. Markets continue to price around 56bp for the December meeting with 166bp priced cumulatively by August.
- The Euribor strip is little moved this morning with 54bp priced in for December and a cumulative 142bp priced by June.
To read the full story
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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.