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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 sit little changed from yesterday, with the 202bps over the five meetings to year-end showing little reaction to equivalent ECB-dated OIS firming to 131bps (between 124-128bp for much of yesterday) on the way to 199bps with the May’23 meeting.
- Nearer-term meetings sit at a familiar 51bp for Jun, 102bp for Jul and 143bp for Sep, the latter cooling from highs of 145bps yesterday but within the range of the past five days.
- Data limited to MBA mortgage apps and whole inventories today before tomorrow’s ECB decision and Friday’s US CPI.
Cumulative hikes implied by FOMC-dated Fed Funds futuresSource: 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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