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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 extend yesterday’s moderation, with 66bps priced for Nov (-0.5bp), before 4.19% for Dec (-2bp), a terminal 4.48% in Mar/May’23 (-5/6bps) and 4.31% for Dec’23 (-6.5bp).
- Terminal rate expectations are back at pre-Sep FOMC levels having touched a high of 4.83% in the interim, although the Dec’23 remains some 30bps higher in the continued embodiment of higher for longer.
- Stacked Fedspeak schedule: Powell gives opening remarks at a community banking conference at 1015ET whilst have first post-FOMC appearances from Gov. Bowman and Barkin (’24) plus repeat appearances from Daly, Bostic, Bullard and Evans.
FOMC-dated Fed Funds futures implied rates at specific meetingsSource: 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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