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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 are little changed from post-FOMC levels after reversing a further dip with the ECB.
- 20bp priced for March, a cumulative 30/31bps to May/Jun with a terminal of 4.89% before 50bps of cuts to 4.39% end-2023.
- Cuts have built from 44bps just prior to the FOMC but remain within ranges seen since last month’s miss for AHE and ISM services, both of which are due ahead.
- First out of the FOMC blackout, SF Fed’s Daly (’24 voter) is due at 1430ET with scope for earlier pop-ups post-payrolls.
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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