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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
- Fed Funds implied rates have on balance nudged higher overnight for 2023 meeting but slip a little further for 2H24.
- It still shows 24.5bp priced for today’s decision (unch), but with cumulative hikes edging to +30bp for Sep (+1bp) and +36bp for Nov to a terminal 5.44% (+0.5bp). That terminal closes in on the post-SVB high of 5.465%.
- The 4bp of cuts from terminal to Dec’23 is unchanged whilst they have built slightly further out with 61bp from terminal to Jun’24 (from 58bp yesterday) and 133bp (from 130bp yesterday).
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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