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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 have drifted lower overnight in keeping with ECB pricing little changed to incrementally lower, but remain off yesterday’s post Empire lows.
- Cumulative moves from current 5.08% effective: +2.5bp Jun (-0.5bp), -6bp Jul (-1.5bp), -21bp Sep (-1.5bp), -45bp Nov (-2bp), -69bp Dec (-2bp) and -94bp Jan (-2.5bp).
- Another heavy schedule of Fedspeak: Mester (’24), VC Barr House testimony (voter), NY Fed’s Williams (voter) and Logan (’23) as well as repeat Goolsbee (’23) and Bostic (’24) after yesterday.
- Williams last week broadly stuck to FOMC guidance for someone typically at the more dovish end. Logan last spoke Apr 20 (watching for further, sustained improvement in inflation), as did Mester (favors raising above 5% but urges prudence).
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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