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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 have seen very little impact since the ADP data for near-term meetings, with 4bp and 9bp cumulative hikes to a terminal 5.42% with the Nov FOMC.
- After that the outlook is more mixed, with early 2024 meetings actually seeing rates cool somewhat before a push higher in 2H24 although that has also been trimmed in recent trade.
- The bulk of the increase for those later contracts came before any spillover from the refunding report, with the Dec’24 implied rate +3.5bps (but treat with some caution at the thin end of the curve for volumes). ·
- Table below.
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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