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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-dated OIS implied rates have quickly stepped higher in recent trade at/nearer to yesterday’s highs seen after Logan suggested a higher bar to a June pause than first thought.
- Cumulative changes from 5.08% effective: +9.5bp Jun (+1.5bp on the day), +7.5bp Jul (+1bp), -3bp Sep (+1bp), -21.5bp Nov (+0.5bp), -43bp Dec (+0.5bp) and -65bp Jan (+0.5bp).
- Musings at the Thomas Laubach Research Conference likely headline the session. NY Fed’s Williams delivers the keynote address with text + Q&A at 0845ET before Chair Powell is in a panel with Bernanke 1100ET coming after a session on the consequences of declining natural rates. The Laubach-Williams r* connection sees markets eagerly await any discussion on the matter.
OIS implied rate for June FOMCSource: 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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