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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
- Fed Funds implied rates have seen some large swings today, but the net impact of the payrolls report and softer ISM services has been implied rates for the May meeting onwards falling 3-4bps since the data for 1-2bp declines on the day.
- The latest profile sees 18.5bp of cumulative cuts for March (-1bp since data), 63bp for June (-3.5bp) and 139bp for Dec (-4bp).
- Looking through analyst reports seen to date, a majority look for start dates beyond March although one notable name in the March camp is Goldman who continue to call for three consecutive starts in March, May and June before quarterly cuts to a terminal 3.25-3.5%.
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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