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 FUTURES
- Fed Funds implied hikes so far keep to yesterday’s Columbus Day increases for meetings from Dec onwards as terminal and Dec’23 rates move back within 10bps of cycle highs in the days following the Sep FOMC.
- Showing 74bp for Nov (unch), 129bps to 4.37% for Dec’22 (+2.5bp from Fri close), a terminal 4.69% Mar’23/May’23 (+4bp) and 4.44% Dec’23 (+2.5bp).
- Sole Fedspeak from Mester (’22) at 1200ET. Said Friday not seen any evidence to warrant slowing the pace of hikes with more work to do whilst being ‘singularly focused’ on reducing inflation.
- VC Brainard yesterday saw mon pol as needing to be restrictive for some time and warned of easing prematurely, but equally continued to note external factors with “the combined effect of concurrent global tightening is larger than the sum of its parts” and a smaller than first thought buffer from household excess savings.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok