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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 drifted further lower overnight in reaction to the FOMC minutes, ahead of thin Thanksgiving trade.
- Sitting at 52bp for Dec (unch), 89bp to 4.74% for Feb’23 (-2.5bp), terminal 4.965% May/Jun’23 (-4.5/5bp) and 4.56% Dec’23 (-7bp).
- The terminal is down 11bps from Tuesday’s close, including higher claims & weak PMIs prior to minutes, but remains within the post Nov FOMC range of 5.2-4.85% from before and after the CPI miss.
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.
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