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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 Funds implied rates continue an overnight increase but remain in the lower half of yesterday’s range.
- Based off an effective 4.83%, showing an 11.5bp hike for May (+1bp), the first full cut with -26bp to 4.57% in Sep (+6bp) and -63bp of cuts to year-end with 4.20% (+7bp).
- No scheduled Fedspeak today. Mester (’24) late yesterday: sees the Fed Funds rate above 5% and holding there for some time, the Fed will weigh credit conditions as it ponders further hikes.
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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