Free Trial

Half A Hike Is Priced Across The $-Bloc Ahead Of US Non-Farm Payrolls


Terminal rate expectations across the $-bloc have softened over the past week. Ahead of the keenly anticipated US Non-Farm Payrolls release today, terminal rate expectations and the aggregate tightening stand at:

  • 5.45%, +12bp (FOMC);
  • 5.15%, +15bp (BoC);
  • 4.17%, +10bp (RBA); and
  • 5.61%, +11bp (RBNZ).

Figure 1: $-Bloc STIR

Source: MNI – Market News / Bloomberg

To read the full story



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.