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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
- FOMC-dated Fed Funds implied hikes have largely tracked sideways since late Wednesday. They hold at 51bp for Jun and 101bp for Jul with only Sep softening marginally to 141.5bps with 197bps to year-end.
- Mester (’22 voter) maintained her view of seeing 2x50bp hikes as of today instead of joining another hawk in Waller (voter) seeing 50bp moves at several meetings, but still sees rates probably needing to go above the longer-run neutral level.
- Payrolls at 0830ET and ISM services at 1000ET before repeat appearances from both Vice Chair Brainard and Mester. Brainard yesterday noted a pause in September was “very hard to see”.
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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