STIR: SEB Like Received EUR Positions As Hedge
Dec-10 14:05
We have already covered the removal of the pricing of rate cuts in EUR STIRs in detail.
- SEB note that a “narrative shift with a focus on ‘bottoming out/recovery’ has led to short-end EUR rates repricing - now reflecting the most likely scenario (modal) of ‘on hold’ for some months”.
- They suggest that “with the ECB very unlikely to hike in the coming months but a lower threshold to price cuts again, risk/reward should favour being received as ‘on hold’ is priced - it can almost be seen as optionality on something going wrong in the world as long as one can discount a low risk of hikes”.
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MNI EXCLUSIVE: Ex-BLS Commissioner On Missing Data
Nov-10 14:05
Former BLS commissioner Katharine Abraham discusses the missing October jobs report -- on MNI Policy MainWire now, for more details please contact sales@marketnews.com.
STIR: Effective Fed Funds Rate
Nov-10 14:04
FRBNY EFFR for prior session:
- Daily Effective Fed Funds Rate: 3.87% (+0.00), volume: $83B
- Daily Overnight Bank Funding Rate: 3.87% (+0.00), volume: $162B
SLOVAKIA AUCTION PREVIEW: On offer next week
Nov-10 14:03
Slovakia has announced it will be looking to sell the following at its auction next Tuesday, November 18:
- the 3.00% Feb-28 SlovGB (ISIN: SK4000024683)
- the 0.375% Apr-36 SlovGB (ISIN: SK4000018958)
- the 4.00% Feb-43 SlovGB (ISIN: SK4000022547)
- the 2.00% Oct-47 SlovGB (ISIN: SK4120013400)
