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
- Fed Funds implied rates are marginally off yesterday’s fresh highs, which saw a terminal effective rate nudge 5.50% for November at the end of the session, having last closed higher on Mar 7-9.
- Cumulative hikes: +5.5bp to Sep (-0.5bp), +16.5bp to 5.495% Nov (-0.5bp).
- Cuts from Nov terminal: 1bp to Dec’23, 39bp to Jun’24 and 110bp to Dec’24. The first 25bp cut from current levels isn’t fully priced until the July meeting although comes very close with -22bps for June.
- Lone scheduled Fedspeak today from VC Supervision Barr on Banking Services with no prepared text.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok