Free Trial
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 implied hikes continue to retrace some of the CPI surge higher but still see very large increases on the day.
- Currently showing 79bp for the Nov 2 FOMC (+5bp) and cumulative 140bp to 4.48% for Dec (+10bp) as markets entertain prospects of a fifth 75bp hike in Dec with Barclays earlier calling for such.
- Terminal rate expectations see the largest increases to 4.85% (+18.5bp), still peaking in Mar’23, before 4.50% for Dec’23 (+14.5bp) as it comes closer to the FOMC's 4.6% median dot for end-2023.
- George (’22), Cook (Gov) and Waller (Gov) speak tomorrow with Bullard (’22) on Saturday.
FOMC-dated Fed Funds implied ratesSource: 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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok