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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
STIR markets within the $-bloc remain poised for a significant easing cycle in 2024 following the FOMC meeting. Fed Chair Powell pushed back against the prospect of a March easing.
- That said, easing expectations for December 2024 have been pared 5-10bps in the US and Canada over the past week.
- In contrast, Australia and NZ have seen cumulative easing by year-end increase by 20bp and 10bps respectively over the same period.
- December 2024 expectations and the cumulative easing across the $-bloc stand at: 3.91%, -142bps (FOMC); 4.04%, -96bps (BOC); 3.72%, -60bps (RBA); and 4.55%, -92bps (RBNZ).
Figure 1: $-Bloc STIR
Source: MNI – Market News / 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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