MNI BRIEF: Investors Saw 4% Rate at End of 2023- BOC Survey

MNI BRIEF: BOE Mann: Views Next Move More Likely Hike Than Cut

MNI China Daily Summary: Monday, February 6

EZ/UK Bond Supply Calendar: AT/NL/DE/UK Tues, FR Synd Likely

CANADA JAN IVEY PURCHASING MANAGERS INDEX 60.1 SA

EZ/UK T-Bill Calendar: Spain, Belgium & ESM to issue Tuesday

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
USDJPY TECHS

Approaching The 50-Day EMA

STIR

BLOCK, Large SOFR Red Pack, Swap-Tied Receiver

PERU

Goldman Sachs See Close Call Decision Thursday

COMMODITIES

Crude Oil Closing Higher After Bounce From Technically Oversold

US

NEC Director Deese To Give Economic Update Ahead Of Biden's SOTU Speech

FED FUNDS FUTURES

BLOCK, Apr'23 FF Futures

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Another Sizeable Trimming Of 2H23 Rate Cuts

STIR FUTURES
HomepageBulletMarketsFixed Income NewsForeign Exchange NewsFOMC Calendar Market News
  • Fed Funds implied hikes have cooled from intraday highs but have still seen a significant further pushing higher after Friday’s payrolls/ISM boost despite few new drivers.
  • 24.5bp priced for Mar 22 (+1.5bp on the day) and a second 25bp hike in May is increasingly eyed (cumulative 43bp, +3.5bp).
  • Larger moves further out with the terminal now seen straddling June/July meetings with a cumulative 52bps of hikes to 5.10/5.11% (+8/10bp).
  • The Dec’23 rate jumps to 4.78% (+15.5bp) as 2H23 rate cuts are trimmed to 33bps from 50bps pre-payrolls and 40bps with yesterday’s close.
92 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • Fed Funds implied hikes have cooled from intraday highs but have still seen a significant further pushing higher after Friday’s payrolls/ISM boost despite few new drivers.
  • 24.5bp priced for Mar 22 (+1.5bp on the day) and a second 25bp hike in May is increasingly eyed (cumulative 43bp, +3.5bp).
  • Larger moves further out with the terminal now seen straddling June/July meetings with a cumulative 52bps of hikes to 5.10/5.11% (+8/10bp).
  • The Dec’23 rate jumps to 4.78% (+15.5bp) as 2H23 rate cuts are trimmed to 33bps from 50bps pre-payrolls and 40bps with yesterday’s close.