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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 futures pricing holds near levels from yesterday with 36bps for Mar16 and a cumulative 64bps for May 4 and 88bps for Jun15.
- Whilst early this week the slide in March pricing saw larger hikes pushed into May, the drop of the since Wednesday has been across both, leaving a steady 29bps priced specifically for the May meeting as near-term expectations soften.
- Mester (2022 voter) didn’t rocking the boat late yesterday by repeating that she wants the Fed to act faster than during the last tightening cycle with the pace being data-driven, whilst supporting some MBS sales, something they didn’t do last time.
- Evans (2023 voter) plus permanent voters in Waller, Williams and Brainard all speak ahead.
Fed Funds futures pricing for Mar and May meetings with spread in green.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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