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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
- Implied Fed hikes sit little changed, indifferent to a spike higher in ECB pricing on latest Reuters/BBG sources that it will be discussing the possibility of a 50bp hike on Thu (+6bp to 35bp priced).
- As it is, FOMC-dated Fed Funds imply hikes of 80bps for Jul 27 (+1bp), 144bps for Sep (+2bp) and 194.5bps for Dec (+1bp).
- A peak in Fed Funds is seen broadly in Dec/Feb meetings at circa 3.54% with just over 50bps of cuts through 2023.
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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