Free Trial

Fed Rate Path Pushes Higher In European Hours

STIR
  • Fed Funds implied rates have lifted through European hours as part of the broader FI moves on little meaningful macro headline flow.
  • It sees the rate path at the higher end of the week’s range in holiday trade, meaning still roughly three 25bp cuts priced through Mar-Jun FOMC decisions but then drifting away from fully pricing those next two consecutive cuts in July and September.
  • Pertinent cumulative cuts: 24bp March, 50bp May, 75bp June, 96bp Jul, 120bp Sep, 154bp Dec.

To read the full story

Close

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.