Free Trial

What to Watch

MARKET INSIGHT
It's the unscheduled Fed speakers you have to watch out for! Atlanta Fed Pres Raphael Bostic (hawk-side of neutral, alternate voter in 2023) comments on CNBC last few minutes saw renewed buying in lead quarterly Eurodollar futures EDH2 up to 99.43 (+0.020).
  • BOSTIC: ACTUAL INFLATION NUMBER NOT AS IMPORTANT AS TRAJECTOR .. WE'RE AT CUSP OF SEEING INFLATION EASE .. HAVE THREE RATE HIKES FOR THIS YEAR, LEANING TO FOUR.
Scheduled Fed speakers later in session with:
  • Fed Gov Bowman, Community Bankers conf, no text, moderated Q&A, 1030ET
  • Cleveland Fed Mester (hawk, voter) eco/mon-pol outlook, text and q&a, 1200ET
Otherwise, modest second-tier data on tap early Wednesday, while market absorbs second leg of week's Tsy supply with downsized $37B 10Y sale.
  • Politics: Speaker Nancy Pelosi and House Democratic leaders are working on a ban on members of Congress and senior staff trading stocks, according to multiple sources directly involved in the discussions.
  • Of course, geopolitical tensions ongoing, market alert for any development re: Russia/Ukraine, the US and NATO.

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.