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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 hikes see 53.5bp for Dec, cumulative 92bp to 4.75% for Feb’23, terminal 4.98% in Jun’23 and 4.59% for Dec’23.
- The terminal hovered either side of 5% yesterday, boosted by Fedspeak including unscheduled Brainard late on (updating prior remarks to say drawn-out sequences of negative supply shocks call for tighter policy) before fading.
- No Fedspeak scheduled for today before Powell in focus tomorrow.
FOMC-dated Fed Funds implied rateSource: 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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