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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 hold higher as part of the broader unwinding of haven flow after a lack of Israel-Iran escalation over the weekend.
- The Dec’24 implied rate touched 4.96% overnight to equal highs seen after last week’s strong retail sales. Currently at 4.945%, it’s close to the high seen after Chair Powell’s “lack of progress” from Tuesday.
- Cumulative cuts: 1bp May, 4bp Jun, 11.5bp Jul, 22bp Sep, 28bp Nov and 38bps Dec.
- The FOMC is now in media blackout ahead of the Apr 30 – May 1 meeting.
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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