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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 moved back close to where they started the US session after tentatively dipping amidst a particularly light docket.
- Cumulative cuts from 5.33% effective: 1bp May, 5bp Jun, 11.5bp Jul, 22bp Sep, 29bp Nov and 40bp Dec.
- The Dec’24 implied rate at 4.93% is off overnight highs of 4.96%, which tied with record highs for the contract seen after last week’s retail sales strength.
- Tomorrow sees preliminary PMIs for April, but with greater data interest towards the end of the week with the Q1 advance GDP report (Thu) plus PCE/personal incomes for March (Fri). The FOMC is in media blackout ahead.
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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