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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
- With the Powell discussion over, Fed Funds implied rates have pulled back off highs seen initially on Powell saying recent data have shown a lack of further progress on inflation and that it will likely take longer to get confidence on inflation (which also sparked 2y Tsy yields clearing 5%, now 4.964%).
- Rates are 1-1.5bps higher than before the discussion, coincidentally with a very similar path prior to last week’s softer PPI inflation.
- Cumulative cuts from 5.33% effective: 1bp May, 4bp Jun, 11.5bp Jul, 23bp Sep, 29bp Nov and 40bp Dec.
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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