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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 drifted lower over the weekend with no clear progress in debt talks and dovish commentary by Kashkari’s recent standards.
- Cumulative changes from current 5.08%: +3.5bp Jun (-0.5bp on Fri close), +4bp Jul (-1bp), -6bp Sep (-1bp), -25bp Nov (-1.5bp), -47bp Dec (-2bp) and -66bp Jan (-2.5bp).
- Kashkari (’23 voter) yesterday told the WSJ he was open to foregoing a June hike but would object to declaring an indefinite pause. It builds on Chair Powell on Friday not offering a hawkish steer as some had expected after Logan (’23) tilted in favour of a June hike.
- Ahead, Bullard (non-voter) with a fireside chat 0830ET, which considering the above could see any moderately less hawkish points picked up upon. He’s followed by Bostic & Barkin (both ’24) discuss technology enabled disruption and Daly (’24) in a fireside chat at a NABE/BdF symposium both at 1105ET.
Source: Bloomberg
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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