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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
- FOMC-dated OIS rates have pushed higher overnight, unwinding most of the decline seen through the press conference to take them nearer to post announcement levels with the hawkish dot plot with a median 5.6% for 2023 seemingly carrying most weight.
- The upshot of that is July pricing only marginally higher at +17bps vs the cumulative +16bp pre-announcement, but holding sizeable increases further out with even January above current levels at an implied 5.10% .
- Cumulative changes from 5.08% effective: +17.5bp Jul (+1.5bp on the day), +21.5bp Sep (+2.5bp), +20.5bp Nov (+3bp), +14bp Dec (+3bp) and +2bp Jan (+3.5bp)
- More detail plus changes post announcement and presser in the table below.
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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