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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
- Fed Funds implied rates are slightly lower for November, with terminal now seen in both Nov and Dec, but are otherwise almost unchanged with cut expectations near recent lows for circa 100bps from the terminal to end-2024.
- WSJ’s Timiraos over the weekend wrote on an important shift in Fed officials’ rate stance as being under way with some officials seeing risks to tightening as more balanced rather than preferring to tighten too much than not at all. More here.
- Cumulative hikes from 5.33% effective: +1.5bp Sep (unch from Fri close), +11bp in Nov (-1bp) and +11bp in Dec (-0.5bp).
- Cuts from terminal: 35bp to Jun’24 (from 36bp) and 101bp to Dec’24 (from 102bp).
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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