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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 seen a sizeable pullback off highs from early in the session, but still hold onto a small nudge higher for meetings from March onwards.
- Data hasn’t played a role today, with a decline/steadiness in NY Fed inflation expectations (contradicting some of the volatility seen in the U.Mich equivalent) having little impact at the time.
- US CPI kicks off an important two days. A reminder of the preview here: https://roar-assets-auto.rbl.ms/files/58423/USCPIPrevDec2023.pdf
- There is currently a cumulative 11bp of cuts for March, 26bp for May and 110bp for end-2024. The latter is off an intraday low of 104bp but still up from 111bp yesterday and 122bp just before payrolls on Friday.
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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