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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
- Hikes implied by FOMC-dated Fed Funds finally nudged above 75bps to 76bps having sat on and off at 74.5bps since Friday’s payrolls.
- The 132.5bp for Sep holds at gains seen through yesterday whilst the 183bp for the four meetings to Dec is unchanged from late yesterday having eased from a post-payrolls high of 191bps.
- Rates are seen peaking at 3.44% in Feb’23 (186bp of hikes), which as mentioned in our CPI preview is both ~50bps below mid-June highs just prior to the Jun FOMC and more than 30bps higher than prior to the May CPI beat, leaving plenty of room to swing either way with CPI later.
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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