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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 for the most part drifted up to 1.5bp lower from Friday to unwind most of its nudge higher in post-Thanksgiving thinned trade.
- However, compare with pre-Thanksgiving levels and rates late into 2024 sit 4.5bp higher than Wednesday’s close.
- Cumulative tightening is seen peaking with +3.5bp at the January FOMC, followed by 88bp of cuts to end-2024. This peak to end-2024 cut pricing last closed lower on Nov 13 ahead of US CPI.
- The first cut from current levels is seen with the June FOMC (26bp cumulative).
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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