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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
- Fed Funds implied rates sit almost unchanged since Friday’s close, consolidating a post US PPI lift and with terminal pricing back near levels seen just before sliding on the payrolls report two weeks ago.
- Cumulative increases from 5.33% effective: +2.5bp Sep (unch), +9.5bp Nov to 5.43% (+0.5bp)
- Cuts from Nov terminal: -2bp to Dec’23, 54bp to Jun’24 and 124bp to Dec’24.
- A particularly light start to the week sees more focus on tomorrow’s retail sales print for July and Kashkari (’23 voter) speaking in a panel after only limited when speaking on CBS on Jul 30 in his only remarks since the Jul 26 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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