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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
- The Fed Funds implied terminal has nudged higher in European hours after continuing yesterday’s post-data decline into the Asia session, helped by ECB’s Knot saying it plans to hike by 50bps multiple times.
- The terminal remains relatively depressed by recent standards though, close to pre-Dec FOMC brief lows.
- 27bp for Feb 1 (unch), cumulative 45bp for Mar (+0.5bp), 54bp to a terminal 4.87% now seen in May not June (+0.5bp) and then 53bp of cuts to 4.34% in Dec (-1bp).
- Fedspeak: Three appearances with text from non-voter Collins plus permanent voters VC Brainard and then late on Williams. Last heard from Brainard Nov 28.
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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