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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 begin to stabilise after the decline across the curve on the hit from weaker AHE growth and equally notable very large ISM services miss.
- The combination pushes a greater likelihood of a further downshift in February with 31.5bp for Feb 1 (-4.5bp), cumulative 51bp to 4.84% (-6bp), terminal 4.95% Jun (-8bp) and 4.49% Dec (-18bp).
- The levelling off comes with some Fedspeak from Cook (caution against putting too much weigh on recent favour PCE inflation prints, but prepared prior to payrolls) and Bostic (repeats sees rates above 5% and hold into 2024).
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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