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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 off overnight lows but hold near late Friday levels after WSJ focus on a potential stepdown to a 50bp hike in Dec and a dovish Daly.
- 77bp for Nov 2, 137bps to 4.45% Dec, terminal 4.87% for May’23 (off highs of 5.02% early Fri) and 4.57% for Dec’23.
- Little reaction in ECB pricing to the miss for EA PMI mfg flash let alone spillover to the US, but remains to be seen if that’s the case with the US flash PMIs at 0945ET. Fed in media blackout.
FOMC-dated Fed Funds implied rateSource: 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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