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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 see little impact from the miss in Germany’s Ifo survey, not materially adding to Friday’s notable misses in both the EA and then US PMIs, ECB's Kazaks saying the ECB isn't done with big hikes.
- Hovering at 78bps for Wed before a cumulative 136bp for Sep and 178bp over the four meetings to year-end, back to where they were before the US CPI beat.
- As has been the case recently, that sees an implied terminal rate in Dec’22, currently at 3.36%, before almost 60bps of cuts priced for 2023.
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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