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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
- Fed Funds implied hikes keep near lows following earlier weak US data, just about fully pricing the 2x50bp guidance (cumulative 100bps for July) but sliding thereafter with 134bps for Sep (-6bps from yesterday) and 183bps to year-end (-12bps from yesterday) for the close to post-FOMC lows.
- The composite PMI first came in softer as both manufacturing activity softened per the regional Fed surveys (with further evidence in the subsequent Richmond index) and service activity softening in similar moves to those in European surveys earlier, before new home sales slumped.
- Fedspeak: Powell’s remarks were an non-event with attention now turning to Brainard’s commencement address tomorrow before the FOMC minutes.
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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