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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 FUTURES
- Fed Funds implied hikes have churned higher overnight, possibly a spillover from continued European energy woes. The 66bps (+3bps) for the Sep FOMC is back to levels just prior to last week’s FOMC minutes taking the edge off 75bp expectations, although remains below the ~70bps priced prior to the CPI miss.
- Further out, the 140bp (+7bps) to a peak 3.73% in Mar’23 is below pre-FOMC minutes levels but above pre-CPI. Fed talk of higher for longer has helped this increase although whilst trimmed, there is still almost 40bps of cuts priced to end’23.
- No Fedspeak today with attention firmly on Powell at Jackson Hole on Friday.
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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