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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
- Fed Funds implied rates for near-term meetings have lifted a little off post-FOMC lows but are still concentrated towards a first cut in June.
- There is little sign of near-term spillover from the surprise 25bp SNB cut, although it perhaps weighs further out with the Dec’24 implied rate back near post-FOMC lows.
- Cumulative cuts from 5.33% effective: 3.5bp May, 20.5bp Jun, 32.5bp Jul, 53bp Sep and 85bp Dec. June priced as much as 22bp of cuts overnight.
- Note that VC for Supervision Barr speaks today to students on “A View from the Fed” but it falls within the blackout period and so shouldn’t be policy relevant.
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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