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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 hikes unwind an earlier nudge higher for the Mar 22 decision (26bp, -1bp post CPI) but see much larger increases thereafter.
- Cumulative 46bp for May (+0.5bp), 67bps to terminal 5.25% in July (+6bp) with a terminal starting to get closer to pushing into the Sep meeting (5.22%).
- That’s followed by now only 23bp of cuts to 5.02% at the Dec meeting (+12.5bp), the latter now an additional 44bp of hikes from the current effective. The curve had priced 28bps of cuts at yesterday’s close.
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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