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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
- After initially very little reaction to the minutes, the FOMC-dated OIS path eases marginally (~1bp) but still holds onto the day’s sizeable shift higher buoyed further by Governor Waller’s earlier prepared remarks.
- The minutes showed officials split on support for more hikes with a stress for the need to keep options open.
- Some pertinent cumulative changes from current 5.08% effective: +9bp for Jun (+1.5bp on the day), a peak of +17.5bp to Jul (+5.5bp), -8bp for Nov (+8.5bp) and -27bp for Dec (+9.5bp).
- See table with changes since Waller and minutes.
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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