MNI BRIEF: Canada Feb Teranet Home Price Index Record -11% YOY

MNI China Daily Summary: Friday, March 17

MNI BRIEF: PBOC Cuts RRR By 25bp To Boost Economy, Liquidity

Fed Watch

MNI: US FEB INDUSTRIAL PROD +0.0%; CAP UTIL 78.0%

EZ/UK Bond Supply Calendar: Slovakia, EU & Belgium issuing Mon

MNI BRIEF: Fed, Treasury, FDIC-Big Banks Back First Republic

MNI BRIEF: Trudeau Justified Using Emergency Act, Judge Finds

MNI: Canada Boosting Health Spending CAD46.2B Over 10 Years

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
RUSSIA

ICC Arrest Warrant For Putin To Have Little Impact

RATINGS

Friday’s Sovereign Rating Slate

ZAR

Rand Holds Onto Familiar Range Ahead Of Public Holiday

EQUITIES

EU Bank stock call seller

EUROZONE ISSUANCE

EGB Supply - W/C March 20, 2023 (2/2)

OPTIONS

Expiries for Mar20 NY cut 1000ET (Source DTCC)

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Fed Terminal Back In Middle Of Months’ Range After ECI

STIR FUTURES
HomepageBulletMarketsFixed Income NewsForeign Exchange NewsFOMC Calendar Market News
  • Fed Funds implied hikes have unwound yesterday’s climb, easing firstly on the softer than expected ECI before further downward pressure from misses for the MNI Chicago PMI and Conference Board consumer survey (albeit the latter with conflicting details such as stronger labour market perceptions).
  • Ahead of tomorrow’s FOMC decision, it keeps 26bps priced (-0.5bp on the day) before a cumulative 46bp for March (-0.5bp) and 58bp to a terminal 4.91% in Jun (-1.5bp) as the latter falls back nearer the middle of its 4.86-4.94% range seen since payrolls/ISM services on Jan 6.
  • That’s followed by 44bp of cuts to 4.47% (-3bp) by year-end.
102 words

To read the full story

Why Subscribe to

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.
  • Fed Funds implied hikes have unwound yesterday’s climb, easing firstly on the softer than expected ECI before further downward pressure from misses for the MNI Chicago PMI and Conference Board consumer survey (albeit the latter with conflicting details such as stronger labour market perceptions).
  • Ahead of tomorrow’s FOMC decision, it keeps 26bps priced (-0.5bp on the day) before a cumulative 46bp for March (-0.5bp) and 58bp to a terminal 4.91% in Jun (-1.5bp) as the latter falls back nearer the middle of its 4.86-4.94% range seen since payrolls/ISM services on Jan 6.
  • That’s followed by 44bp of cuts to 4.47% (-3bp) by year-end.