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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 hike expectations have steadily ground higher through the day, with FOMC-dated Fed Funds showing 44bps for May, 84.5bps for June (two meetings) and 192bps for Dec (six meetings).
- Analysts have continued to boost their rate calls, with MS and TD both calling for back-to-back 50bp hikes in May and June for a total of 225bps of hikes in 2022 (i.e. 200bps still to come).
- As far as we know that’s now BNP, Citi, GS, ING, MS, Nomura, SEB and TD looking for a 50bp hike in May.
- The latest from Evans (2023) showed he was one of five dots calling for 175bps of hikes this year and was comfortable with 25bps each meeting but is open minded to a 50bp hike if it helps. Waller (Governor) talked on the US’s “red hot” housing market whilst adding that in the longer run the Fed could consider selling MBS.
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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