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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 rates have seen minimal change overnight after yesterday's decline, with no spillover from European PMIs showing strong services offsetting weak manufacturing.
- 22bp hike for May 3 (unch), a cumulative 27.5bp hike for Jun (unch), 10bp of cuts from current levels for Nov (-1bp) and 30bp of cuts from current to 4.53% (-1.5bp).
- After yesterday’s Fedspeak deluge, only Gov Cook (voter) scheduled today at 1635ET on economic research with text and Q&A, before the blackout starts at midnight. She last spoke Apr 3, i.e. before CPI, noting that the disinflationary process is happening but we’re not there yet with inflation coming from a still tight labor market.
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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