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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 firmed in European hours to leave them slightly higher than yesterday but with Monday’s ISM Services miss still weighing for now.
- Cumulative change from 5.08% effective: +6bp Jun (+1bp), +19.5bp Jul (+1bp), +16bp Sep (+1bp), +5bp Nov (+2bp), -9bp Dec (+2bp) and -26bp Jan (+2bp).
- A light data docket sees potential spillover from today’s BoC decision at 1000ET with the market pricing 50/50 between holding or hiking for the first time since Jan at a time the Fed’s ‘skip’ narrative is firmly in place. US CPI on Jun 13 remains the main hurdle ahead of the Jun 13-14 FOMC meeting.
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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