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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
- As seen yesterday, implied Fed hikes have softened in the European session after holding steady through Asian hours.
- FOMC-dated Fed Funds point to 51bp for June but slip to a cumulative 97bps for Jul, the low end of the post-May FOMC range at levels last seen two weeks ago prior to Mester not ruling out a 75bp hike forever and the CPI beat.
- The larger relative declines come further out, with 130bp for Sep and 177bp to year-end both at post-May FOMC lows.
- Fedspeak: VC Brainard discusses digital assets at 1200ET and Daly (’24 voter) is interviewed on CNBC at 1300ET.
Cumulative hikes implied by FOMC-dated Fed Funds futuresSource: 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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