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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 are back near or slightly below levels just before ADP, having been shunted higher on the ADP beat and then reversing it on softer than expected ULCs.
- Combined with the slide in the build up to the release, it leaves just +7bps implied for the Jun FOMC (-1.5bp on the day after yesterday’s 5bp decline on skip talks) and +17bp for the terminal 5.25% effective in Jul (-3bp).
- As noted earlier, subsequent meetings had recovered more strongly earlier today but now also remain lower on the day, with the 4.90% for Dec -1bp on the day.
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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