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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 dipped 0-2bps overnight, pulling back off yesterday’s highs that had come close to recovering to levels seen shortly before Friday’s ISM mfg miss. European data were mixed rather than outright dovish.
- Cumulative cuts: 0.5bp Mar, 5.5bp May, 21bp Jun, 35bp Jul and 86bp Dec.
- The more heavily weighted ISM services index follows today.
- Today’s scheduled Fedspeak is limited to VC Supervision Barr (voter) on financial matters. Potential for surprise appearances like we saw yesterday with Bostic talking on fears of triggering pent-up exuberance, but Powell’s House testimony tomorrow looms large.
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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