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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
- Very little change in Fed Funds implied hikes overnight, with 69bp priced for the Sept FOMC before 121bps over the three meetings to year-end before squeezing out 128bp of hikes to an implied peak of 3.63% in Mar’23.
- The market continues to price 55bp of cuts to end-23, with Eurodollars implying further notable declines with EDZ3/EDZ4 largely keeping to yesterday’s slide to below -0.50 in new lows for the cycle.
- Next scheduled Fedspeak seen with 2023 voters in Evans and Kashkari after tomorrow’s CPI in a light calendar.
Cumulative hikes implied by FOMC-dated Fed Funds futures at specific meetingsSource: 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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