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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 sit modestly lower from Friday’s close, primarily following dovish ECB speak and increased geopolitical tensions over the weekend.
- It leaves the rate path within recent ranges, with 13.5bp of cumulative cuts for March, 34bp for May, 59bp for June and 136bp for Dec.
- The Dec’24 implied rate of 3.97% has kept to a rough 3.90-4.02% range in recent sessions, having lifted off levels closer to 3.7% prior to Waller’s Jan 16 comments on not needing to cut as quickly as in past cycles.
- Today sees a quiet docket before JOLTS tomorrow and Wednesday's ECI/ADP data ahead of the FOMC decision.
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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