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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 rates sit fractionally lower for the May 3 FOMC with a 17.5bp hike.
- Rates for subsequent meetings have pushed higher overnight but remain below levels pre-FOMC minutes and more notably so pre-CPI. For example, the 48bp of cuts from current levels to 4.35% for the Dec FOMC is +3.5bp on the day, -2bp since just prior to the minutes and -6bp since CPI. The first full cut from current levels is still seen in Nov at -30bps.
- No Fedspeak scheduled (Gov Waller next slated for tomorrow) but data in focus with PPI and weekly jobless claims.
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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