Free Trial
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
- Implied hikes have continued to gain through Asia hours after yesterday’s CPI surge.
- 92.5bp prices for July, 167bps for Sep and 212bps for Dec with the peak now being pulled into that meeting at 3.71% before almost 70bps of cuts priced to end-2023.
- Speaking late yesterday: Mester (’22 voter) said the CPI report was uniformly bad. The Fed doesn’t have to make a decision today (in response to when questioned on a 100bp hike potential), tightening has to be very deliberate and intentional, expecting to go well beyond neutral with no choice but to get inflation back under control. Daly (’24 voter) sees a 75bp hike this month as the most likely posture with 100bp in the range of possibilities.
- Only Gov. Waller scheduled today at 1100ET to talk on the economic outlook but plenty of potential for pop-up speakers with the media blackout starting midnight Friday.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok