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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 FUTURES
- Fed Funds implied rates have pushed higher overnight with the Dec’23 rate above 4.5% for the first time since Mar 13 as fallout from regional banking woes was more fully being understood.
- 22bp hike for May 3 FOMC (+1.5bp) before a cumulative 29bp for Jun (+4bp). Most of that hike is reversed by Sept (5bps above current levels, +4bp) before half a cut to 4.71% for Nov (+4bp) and just 30bp of cuts to year-end (+4.5bp).
- No Fedspeak scheduled today with Gov Bowman next tomorrow on digital currencies in the last week before the FOMC blackout.
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.
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