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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 have continued to firm through European hours, helped earlier by ECB’s Villeroy pushing back against EUR weakness, back to Friday’s highs: 54bps for Jun, 103bps for July and 191bp to year-end over five meetings.
- Only NY Fed’s Williams (voter) scheduled today at 0855ET with likely housing-focused remarks at a MBA discussion. Focus likely ahead on six different speakers tomorrow, including Powell’s WSJ interview at 1400ET.
- Whilst 2x50bp is seen as appropriate (fully reflected in pricing), both Powell and Mester last week noted an openness to larger hikes if necessary but with Mester specifically noting it as a Sep FOMC decision.
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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