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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 continued to push higher overnight after being driven later yesterday by Bullard (non-voter) saying he wouldn’t rule out supporting a 50bp hike in March having advocated.
- It has fully priced 2x25bp hikes over the next two meetings whilst also sees new cycle highs for both terminal and end-2023 rates.
- 28bp for Mar (+0.5bp), cumulative 52.5bp for May (+3.5bp), 73bps to a terminal 5.32% in July (+5.5bp) before 19bp of cuts to 5.13% Dec (+7bp).
- Barkin (’24 voter) and Gov Bowman (voter) ahead having both already spoken this week and neither with text. Barkin specifically on the labor market before Gov Bowman speaks at a credit conference which could limit mon pol discussions again.
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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