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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 hold near yesterday’s highs after a sizeable lift following the US open which continued with debt ceiling resolution hopes after separate Biden and McCarthy comments.
- Cumulative change from 5.08% effective: +5.5bp Jun, +1.5bp Jul, -11.5bp Sep, -31bp Nov, -53bp Dec and -75bp Jan (all +0.5-1bp higher on the day). The Dec’23 rate of 4.55% is at highs since May 2.
- Fedspeak: Vice Chair nominee Jefferson discusses the economic outlook (just text) at 0905ET and Logan (’23 voter) speaks at the Texas Bankers Association (text, Q&A) at 1000ET. VC Supervision Barr lands in the middle at 0930ET at the Senate leg of banking hearings. Jefferson last spoke May 13 noting that inflation is still high with ‘mixed’ news this year and that tighter credit will only have a mild effect on growth.
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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