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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 sit towards the middle of yesterday’s range having ground higher through the European session to continue recovering from the Empire miss before pausing after a dip in ZEW analyst expectations for both Germany and the Eurozone.
- Pricing 62-63bp for the Sep FOMC with a cumulative 117bp to Dec and 130bp to a peak of 3.63% in Mar’23. Inversion hovers at its recently narrowed 45bps of cuts to Dec’23.
- No Fedspeak scheduled for today ahead of the FOMC minutes and Governor Bowman tomorrow.
Cumulative hikes implied by FOMC-dated Fed Funds futuresSource: 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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