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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 remain off yesterday’s post-PMI highs, with a rise off overnight lows stalling in modest spillover as the ECB terminal rate dipped from a new cycle high after Villeroy comments.
- 29.5bp for Mar (unch), cumulative 55bp for May (-0.5bp), 77bp to 5.35% Jul (-2bp, close to 5.34% in Sep) before 18bp of cuts to 5.16% Dec (-2.5bp).
- Bullard (non-voter) speaks on CNBC at 0700ET having said he wouldn’t rule out supporting a 50bp hike in March on Feb 16 (at the time driving a step higher in rate expectations), before FOMC Minutes at 1400ET.
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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