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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 rates are off overnight highs but on balance have nudged higher ahead of US CPI.
- 3.5bp hike for Jun (+0.5bp), 19bp of cuts to 4.89% in Sep (+1bp) before a cumulative 42bp of cuts to 4.66% Nov (+1.5bp) and 64bp of cuts to 4.44% Dec (+2.5bp). The latter compares with 85bp of cuts to year-end priced just before Friday’s payrolls, whilst the 4.44% is at the level seen after last week’s JOLTS miss.
- No Fedspeak scheduled for today with Gov. Waller next up tomorrow on financial stability & climate change.
FOMC-dated Fed Funds implied ratesSource: 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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