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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 have ground higher overnight and through the European morning on broader risk-on sentiment with E-minis firming rather than any obvious drivers.
- It’s broadly a continuation of the small firming seen post-payrolls as the UK returns from the Jubilee bank holiday, with limited moves over immediate meetings (52bp Jun, 102bp Jul) but beyond that firming nearer post-May FOMC highs with 144bp for Sep and 200bps to year-end (five meetings).
- Limited scheduled drivers today: the FOMC is now in media blackout ahead of the Jun 14-15 meeting and no data of note.
Cumulative hikes implied by FOMC-dated Fed Funds futures (%pts)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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