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 implied hikes have drifted lower overnight as the terminal continues to pull back from post-CPI highs of 5.29% and tilt nearer pre-CPI levels of 5.18%.
- 26bp for Mar (-0.5bp), cumulative 46bp for May (-1bp), 64bp to a 5.22% terminal in Jul (-1.5bp) before holding a similarly limited 21bps of cuts to 5.01% for Dec (-4bp).
- Three separate Fed speakers today all with text. Mester (’24 voter) and Bullard (non-voter) for the first time since the Feb FOMC, payrolls and CPI whilst the only current voter is Gov. Cook late on at 1600ET who said Feb 8 the strength of payrolls was a surprise but can’t put too much weight on one data point.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok