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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 still close to cycle highs: 78.5bp for Nov, 142bp to 4.50% Dec, 4.94% terminal in Mar/May’23 and 4.56% for Dec’23.
- Scotia now also see terminal 5% by early 2023 from 3.5% prior. Likely to be a reasonably mild recession given balance sheets remain strong with the u/e rate rising from current 3.5% to 4.7% end-23.
- Fedspeak late in the session, neither with text: Bostic (’24, 1400ET) in a panel discussion after trading violations were reported Fri and Kashkari (’23, 1730ET).
FOMC-dated Fed Funds implies 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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