Free Trial
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 firmed slightly through the European session to sit in the middle of yesterday’s wide ranges, consolidating a significant re-pricing of larger hikes with Fedspeak on terminal rates higher than market pricing and pushing back against rate cuts.
- Yesterday’s ISM service beat spurred further increases but pricing is now back to where it was prior to the release.
- There is currently 61bps for the Sept FOMC having yesterday tipped to more than a 50% chance of a 75bp hike, with a cumulative 107bps to year-end and 113bps to the current peak of 3.46% in Mar’23.
- Implied rates out to end-2023 have increased back to post-US CPI levels but still imply 47bps of cuts.
- Mester (’22 voter) set to discuss the economic outlook at 1200ET (Q&A with no text) after noting on Tue that inflation hasn’t yet peaked and wants to see compelling evidence of sustained or several months of it cooling.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok