Free Trial
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
- The Fed Funds implied rate for the May FOMC has slipped over the past hour, in a sharper move catching up with an earlier drift lower in ECB pricing. It now prices just 9bp of further hikes from the current effective to a peak 4.92%.
- Into 2H23, meetings have reversed a little over half yesterday’s rate increases, with 28bp of cuts to Sep (up 4bps on the day) and 58bps of cuts to Dec (up 6.5bps).
- Banking-focused Fedspeak today, with NY Fed Head of Supervision Dobbeck (0805ET, text + Q&A) before further remarks from VC Supervision Barr after his Senate appearance yesterday. It follows most recent WaPo headlines this morning that the White House is preparing to call for federal banking regulators to impose new rules on midsize banks.
FOMC-dated Fed Funds futures implied ratesSource: 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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok