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
- Fed Funds implied rates fall further as softer than expected ADP and GDP/core PCE details build on yesterday’s JOLTS/Conf Board misses. Compared to pre-JOLTS levels, the Nov terminal is now more than 6bps lower whilst 2H24 implied rates are currently at least 20bps below.
- Cumulative hikes are reduced to 2.5bp for Sept (-0.5bp since the data) and 11bp for Nov to a terminal 5.44% (-1bp since data having already slipped ahead of time).
- Cuts from the Nov terminal build, reversing the trimming overnight and now larger than yesterday’s close with 2bp to Dec’23 (from 1.5bp), 49bp to Jun’24 (from 46bp) and 121bp to Dec’24 (from 118bp).
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