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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 see a similar pattern to yesterday’s cooling, little changed at upcoming meetings and slightly lower further out.
- 77.5bp for Nov 2 (unch), 137bp to 4.45% for Dec (unch), terminal 4.92% May’23 (-1bp) and 4.54% Dec’23 (-2bp).
- No lasting impact from the Australia CPI beat overnight and firming of a 25bp hike, but potential spillover from the BoC at 1000ET with consensus leaning to a 75bp hike and roughly 70bps priced.
FOMC-dated Fed Funds futures implied hike (top panel) and rates (bottom panel)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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