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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
- Having only nudged lower on the policy announcement, hike expectations have since slid through the FOMC press conference with measured comments from Powell compared to aggressive market pricing (e.g. 75bp hike “not something the committee is actively considering”).
- FOMC-dated Fed Funds futures put implied effective rates at 1.365% for Jun 15 (-8.5bps since the announcement) and 2.79% for year-end (-17bps).
- With Powell indicating a preference for 50bps at the next couple meetings, implied hikes sit at 52.5bps for Jun 15 and a cumulative 102bps for Jul before just off another 50bp with 143bps to Sep.
FOMC-dated Fed Funds futures implied rateSource: 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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