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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 Funds implied hikes have firmed slightly for 2022 meetings, despite initially dipping on a large French CPI miss, but see a larger decline in 2H23 (terminal unchg at 4.48% Mar'23, Dec’23 -5bps at 4.20%).
- Despite that, end’23 rate expectations are similar to after last week’s FOMC, with the adjustment instead in terminal to mid’23 rates as the curve flattens (May -15bps) – see chart.
- Four Fed speakers scheduled today including VC Brainard giving opening remarks on how mon pol affects financial vulnerabilities (text, no Q&A).
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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