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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.
STIR FUTURES
- Fed Fund futures imply 224bp of hikes over the remaining six meetings this year (earlier high of 225bp), 1bp above where they peaked after Brainard yesterday.
- It could be met by 3x50bp and then 3x25bp at the following meetings – above what most analysts have pencilled in.
- This starts with 46bp for May and 91bps priced for June, implying a greater chance of 125bps than 75bps (24% vs 16%) with 60% chance of 100bps over the two meetings.
- Harker (2023 voter) speaks at 0930ET. He was in line with the median dot of 7 hikes in 2022 and on Mar 29 didn’t want to rule out 50bp hike whilst waiting to see what happens to inflation and what he hears from liaison programs. Followed by FOMC minutes at 1400ET.
Source: Bloomberg
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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