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Money Market Outlook: Our latest for the eurozone, US and UK

Money Market Outlook: Our latest for the eurozone, US and UK

  • 6 July

We favour terming out as markets are too hawkish on terminal rates. Meanwhile, the Fed’s bill-buying and Bank of England's liquidity facilities have helped their bank reserves stabilise. The eurozone’s reserves are still coming down, along with subtle signs of tighter liquidity conditions

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In this bundle

EUR Money Markets: Some signs of tightening conditions
Rates
6 July

EUR Money Markets: Some signs of tightening conditions

We don't expect an ECB rate hike in July but higher reserve requirements should see an uneven tightening impact

US Money Markets: Circumstances auger for terming out
Rates
6 July

US Money Markets: Circumstances auger for terming out

Repo has calmed, and the Fed has a handle on the liquidity circumstances. We like terming out on a theory that the Fed does not deliver on discounted rate hikes

GBP Money Markets: Bank of England is supporting liquidity
Rates United Kingdom
6 July

GBP Money Markets: Bank of England is supporting liquidity

Stable reserves – thanks to the Bank of England's liquidity facilities – are supporting money market conditions

Rates Money Markets Update Euro rates markets Euro rates Bank of England

Content Disclaimer

This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.
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