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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 pulled back a little further off Friday’s post-PPI extremes ahead of a holiday-thinned session. March pricing has mostly reversed the PPI hit but subsequent meetings see notably lower implied rates.
- March cumulative cut pricing sits at 19bps, trimmed 2bp on the day and off a post-data 22.5bp.
- Similarly, there is 79bp of cuts priced for June and 164bp for Dec, the latter trimmed 4.5bp on the day but still having increased 20bps over the two-day combination of CPI and PPI releases.
- Barclays on Friday joined GS as one of the few analysts calling for a March rate cut, with there still a split between market pricing and analysts over the timing of the first cut.
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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