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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.
US EURODLR FUTURES
- The Williams/Bullard combo helped Eurodollars continue to unwind the earlier rally, back little changed on the day. EDZ3 for example is 95.195 (-0.015) off US session highs of 95.245.
- The comments don’t materially change the curve though, with almost 45bps of inversion through EDM3/Z3 and then EDZ3/Z4 only pulling back slightly off record lows of -1.235.
- Bullard re-iterated the need for rates at the bottom end of a 5-7% rate range and that the FOMC Fed may have to keep rates higher through 2023 and into 2024.
- Williams meanwhile can see a path to reducing nominal Fed rates in 2024, but prior to that expects the need to keep restrictive policy through 2023.
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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