Free Trial
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
- Very light volumes with Columbus Day but Fed Funds implied hikes sit just off Friday’s post-payrolls high with 73.5bp for the Nov 2 FOMC.
- Meetings further out consolidate last week’s climb, with 4.35% for Dec’22 now consistent with the 2022 median dot, before peaking at 4.65% in May’23 and then easing to 4.38% Dec’23 vs 4.6% dot.
- Still have Evans (’23) and VC Brainard at the NABE conference despite the holiday, Brainard (1300ET) with text and Q&A. She said Sep 30 that Fed policy needs to be restrictive for some time and is committed to avoid pulling back prematurely but should consider spillovers as rates tighten globally.
FOMC-dated Fed Funds 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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok