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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 still see some volatility after US CPI, coming off lows seen after quickly reversing the spike higher on the release, but with the main takeaway being only a small decline in near-term rate expectations before a building of cut expectations for 2H24.
- Cumulative hikes from 5.33% effective: now just +1bp for next week’s FOMC, +10.5bp to Nov and +12.5bp to Dec for a terminal 5.46%.
- Cuts from terminal: 33bp to Jun’24 and 100bp to Dec’24 having pushed to recent lows of 95bps ahead of the release.
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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