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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
- Fed Funds implied hikes have seen a further boost following Biden’s speech on Russian sanctions, leaving a sizeable re-pricing in of rate hikes for the day.
- Mar 16 pricing now sits at 36bps (+6bps on the day), there is now 94bps priced over the next three meetings (+11bps) and 160bps for Dec 14 (+13bps). In the case of Jun and Dec pricing, these are back to the levels from mid-last week before a further flare up in geopolitical tensions weighed on potential rate hike expectations.
- Atlanta Fed’s Bostic is still to take part in a moderated Q&A at 1530ET before SF Fed’s Daly speaks tomorrow at 1530ET.
Fed Funds futures pricing for specific meetings: March (yellow), June (white) and Dec (green)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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