MNI INTERVIEW: ISM Services PMI Will Surpass 55 This Summer
MNI INTERVIEW: ISM Services PMI Will Surpass 55 This Summer
MNI US Payrolls Preview: Cleaner, But Not Quite Fogless
MNI US Payrolls Preview: Cleaner, But Not Quite Fogless
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MNI INTERVIEW: ISM Services PMI Will Surpass 55 This Summer
MNI US Payrolls Preview: Cleaner, But Not Quite Fogless
MNI US Payrolls Preview: Cleaner, But Not Quite Fogless
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Headline HICP is expected to recede marginally, to around 2.0% Y/Y (2.1% Nov), while core is seen unchanged at 2.4%.
December 29, 2025 04:462026 sovereign rating review schedules for Fitch, Moody's, S&P, Morningstar DBRS & Scope Ratings.
December 29, 2025 10:38We look at the tweaks to the BOE's guidance, where the bar is for cuts at and the latest data developments.
December 23, 2025 01:17Download Full Document Here: https://media.marketnews.com/MNI_P22122025_3a9956eca6.pdf EXECUTIVE SUMMARY * The long-leaning overall structural positioning seen in mid-late November has mostly receded since the quarterly futures roll (Dec-Mar). * That's particularly the case for German contracts where longs are now hard to come by, with OAT also seeing a notable shift toward the short side. * Last week's trade (amid the ECB and BoE meetings) saw shorts set and longs reduced across most contracts. * GERMANY: Bobl remains in long territory but other German contracts have shifted since late November. Bund and Buxl most notably are now in short structural positioning, vs long previously. They are joined by Schatz which previously was "very short". The latest's week trade showed short-setting in each contract, with the exception of Schatz (short cover). * OAT: OAT structural positioning has flipped to short from long previously. Last week's trade was indicative of short-setting. * GILT: Gilt structural positioning was relatively flat going into the Dec/Mar rolls and remains so. The latest week saw some long reduction. * BTP: BTP structural positioning has dipped into long vs previously "very long" territory. Trade indicative of short-setting was seen last week.
December 22, 2025 07:57FX Market Analysis
FX Market AnalysisEXECUTIVE SUMMARY: * The BoJ hiked rates by 25bps last Friday, in line with the sell-side economic consensus and market pricing. As expected, the BoJ also kept a tightening bias into 2026, as it still views policy settings as accommodative. * Still, the market came away disappointed on lack of details on the timing around further rate hikes, with yen weakening and JGB yields pushing higher. * Market pricing has a further 25bps hike priced by around the July meeting next year. * Part of the market focus will be on whether higher USD/JPY levels brings forward market expectations for the next hike. FOR THE FULL PUBLICATION PLEASE USE THE FOLLOWING LINK: BOJ Review - Dec 2025.pdf: https://media.marketnews.com/BOJ_Review_Dec_2025_eab8c7b7c6.pdf
December 22, 2025 03:49The FOMC will thus interpret the latest data readings with caution.
December 19, 2025 08:48The November CPI report was even messier than had been feared.
December 19, 2025 08:34Norges Bank held the policy rate at 4.00% as unanimously expected
December 19, 2025 01:01
