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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
- Fed Funds implied rates have overnight reversed most of Friday’s decline, with little by way of headline drivers to offset a lack of meaningful regional escalation in the Israel-Hamas conflict plus a latest BoJ sources piece.
- Cumulative hikes: +0.5bp Nov, +5.5bp Dec and +9.5bp Jan to a terminal 5.43%.
- Cuts from terminal: 26bp to Jun’24 and 74bps to Dec’24, the latter off Friday’s close of 80bps having closed mid last-week at 66.5bp for fresh lows of recent months.
- The Fed is in media blackout, with upcoming FOMC appearances including Chair Powell on Wed strictly limited to non-policy opening remarks.
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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