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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
- Further supply side disruption fears from a two-stage lockdown in Shanghai have helped push Fed hike expectations even higher.
- This follows from an increasing number of analysts calling for multiple 50bp hikes on Friday, the pick being Citi looking for four consecutive 50bp hikes.
- Today’s adjustment has been in 2H22, struggling to price much more over immediate meetings.
- FOMC-dated Fed Funds futures for May and June meetings are unchanged from late Fri with 44bps for May and 88bps for June. The latter implies a 21% chance of 75bps, 57% of 100bps and 22% of 125bps over the two meetings.
- Further out, cumulative hikes for Dec are up another 10bps to a new high of 216bps.
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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