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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 consolidate yesterday’s push off post-ADP/ISM service lows.
- 10bp hike from the effective 4.83% for May (-0.5bp), 13bp of cuts to Jul (unch), 36bp of cuts to 4.47% Sep (-0.5bp) and 75bp of cuts to 4.08% year-end (-1bp). The latter is down from 4.36% before JOLTS on Tue.
- Fedspeak: Bullard (non-voter) speaks 1000ET with text + Q&A but follows comments on Monday that the reaction to bank turmoil has been swift and appropriate and the Fed can proceed with mon pol to tackle inflation.
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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