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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
- BAX implied yields have softened 2-4bps across the curve today despite very strong CPI, reflecting lower yields in the US both before and after the FOMC minutes.
- The rate path is still far steeper this year than it did after the last BoC/FOMC meetings, with an extra 28bps priced.
- Whilst heavily expected by both the market and analysts, BoC's Lane almost indicated a hike is coming on Mar 2. In Q&A at today's speech, when talking about the timeline for balance sheet runoff he noted: “We’re going to certainly consider starting that process fairly... We’ll be doing that as soon as we’re starting to raise rates,”... “Quite likely we’ll be saying something about that in a couple weeks time when we’re actually at the stage of changing our, uhh... When we’re actually at our next decision point.”
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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