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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
- Another overnight with little change in Fed Funds implied hikes, with 81bp for next week and 143bp for Sep both up 1bp but within this week’s narrow range.
- Hikes to year-end are also little changed having slowly drifted higher this back to 197bps at levels before last week’s U.Mich surprise dip in long-term inflation expectations.
- The limited change is unsurprising ahead of today’s expected first ECB rate hike at the new time of 0815ET/presser 0845ET (34bp hike priced), whilst the less significant in comparison but still of note Philly Fed mfg survey and weekly jobless claims hit in the middle.
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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