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
- Fed Funds implied rates have pushed lower still overnight after yesterday’s dovish Fedspeak from Waller (increasingly confident Fed policy well positioned; if inflation stays at similar readings for three, four or five months could see lower rates). Further moves came ahead of data but were then supported by weaker than expected German regional CPI data.
- It sees no further tightening priced again, whilst a first cut was fully priced for May earlier (currently 24.5bp cumulative), building to a cumulative 108bp of cuts to year-end. The Dec'24 implied rate has fallen 19bp since just before Waller started speaking.
- Cleveland Fed’s Mester (’24 voter, retiring June) headlines sole scheduled Fedspeak today on Financial Stability shortly before the Beige Book.
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