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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 Fund implied rates are marginally higher after the weekend. Vice Chair nominee Jefferson late Fri saw the Fed on track to bring inflation down but noted the little progress in core inflation, whilst Barkin (’24 voter) told MNI he sees it appropriate to hold rates where they are but is “very open” to more hikes should the data tell a different story.
- Cumulative moves from 5.08% effective: +2.5bp Jun (+1bp), -6bp Jul (+1bp), -21bp Sep (+1.5bp), -44bp Nov (+1.5bp), -69bp Dec (+1bp) and -92bp Jan (+1bp).
- An impressive 4 x Bostic (’24) today starting 0730ET, plus Goolsbee (’23) at 0830ET, Kashkari (’23) at 0915ET before Gov Cook (voter) at 1700ET gives a commencement address which likely limits mon pol discussions. Bostic last spoke Apr 20, Kashkari May 11 Goolsbee spoke May 12.
Source: 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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