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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 rates for the May FOMC sit close to post-Mar FOMC highs with a 15.5bp hike (+1bp) from the current effective 4.83%.
- Meetings further out have also pushed higher overnight but remain within yesterday’s range: sticking vs current effective, -15bp for Sep (+2bp), -32bp for Nov (+2.5bp) and -50bp for Dec to 4.33% (+3bp).
- Fedspeak: Mester (’24 voter) for the first time since Feb 24 with text + Q&A but not until 1845ET. Before that, Collins (non-voter) and Gov Cook (voter) speak again, with Cook having spoken late yesterday (disinflationary process happening but we’re not there yet, still see inflation from tight labor market).
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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