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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 edged higher for Mar (27.5bp, +1bp) but sit softer thereafter in a continuation of a steady move lower in the second half of yesterday’s session.
- It’s a small move after post-payrolls surges though, with a cumulative 46bp for May (unch), 61bp to a terminal 5.19% Jul (-1bp) and 29bp of cuts to 4.90% Dec (-2bp).
- Four FOMC members lined up post-CPI, including three current voters with text - Logan & Harker (’23 voters), Williams (voter) – but first with Barkin (’24) in a BBG interview.
FOMC-dated Fed Funds futures implied ratesSource: 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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