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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
- Hikes implied by FOMC-dated Fed Funds futures have consolidated at levels established after Powell’s House testimony yesterday.
- March pricing is pinned around the 25bp mark with the same large repricing further out.
- There is very nearly four consecutive 25bp hikes up to and including July (98bp from 88bp into Q&A) and nearing six hikes for 2022 again (144bps from 132bp into Q&A).
- Plenty of further trigger points ahead. Powell speaks in the Senate (1000ET) but there will be fresh commentary late on from NY Fed’s Williams (1800ET). Some of the more important data releases today include finalised ULCs, Markit PMIs and ISM Services plus factory orders, all before tomorrow’s payrolls.
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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