Free Trial
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 are almost unchanged overnight, holding yesterday’s push higher after yesterday’s Fedspeak removed the possibility of any material dovish surprises (e.g. Kugler's speech generally including Q&A that banking sector generally sound, Collins on a methodical adjustment to the policy stance for cuts later this year).
- Cumulative cuts: 6bp Mar, 21bp May, 43bp Jun and 120bp Dec.
- Richmond Fed’s Barkin (’24 voter) appears twice today but spoke in depth yesterday including how it makes sense to be patient on rate cuts whilst waiting to see if disinflation becomes more broad-based.
- On the balance sheet, NY Fed’s Remache said future demand for O/N RRP is an important question with the Fed watching money market conditions as usage falls whilst a return to pre-Covid balance sheet size is unlikely.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok