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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 off yesterday’s highs that included a terminal touching 5.29% but broadly consolidate another significant push higher.
- 27bp for March (+0.5bp), cumulative 47bp for May (unch), 68bp to a terminal 5.26% Jul (-0.5bp, with Sep higher than Jun) before only 20bps of cuts to 5.05% year-end (-1.5bp).
- No Fedspeak scheduled today after Logan, Harker and Williams (all voting this year) helped see the terminal move in a 5.25-5.29 range. There is a solid docket though including retail sales, IP and Empire giving the first business survey for Feb.
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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