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
- Fed Funds terminal rate expectations of 4.70% for May’23 FOMC sit within a wide range of 4.63-4.83% today, although latter overnight with US session highs of 4.77%.
- However, with continued increased for the Dec’23 to 4.52%, cuts are further priced out and indeed separate EDZ2/EDZ3 inversion has now disappeared from 75bps of cuts two months ago.
- Earlier Fed commentary didn’t rock the boat: new appearances from Collins and Logan had inflation as number one priority (Collins somewhat two-sided seeking ‘clear and compelling’ signs that inflation falling but also that quite likely inflation is near peaking or may have peaked) although Bostic noted increased uncertainty and global recession odds from UK tax cuts proposals. Mester still to come at 1600ET.
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