Free Trial
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
Monday's implied market pricing rate cuts by midyear have pushed back out to end of 2023/early 2024 as short end rates remain well offered.
Fed funds implied hike for Mar'23 currently at 19.9bp, May'23 cumulative 36.0bp to 4.938%, Jun'23 28.7bp to 4.868%. Fed Terminal currently at 4.925% in May vs. 4.785% early Monday.
Current Implied rate cuts compared to Monday: Sep'23 cumulative 0.00 at 4.579, Nov'23 -9.5 at 4.484%, Dec'23 -20.1 at 4.377. In comparison, early Monday saw Jul'23 cumulative -36.5 at 4.218, Sep'23 -55.5 at 4.028%.
2Y Yield
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok