Free Trial

Implied Rates Continue To Slowly Recover

STIR
  • Yesterday’s partial unwinding of the earlier core fixed income rally has slowly continued this morning.
  • Fed Funds futures are back to pricing in 25bps for the March meeting and 98bps for Dec, having touched lows of 23bps and 92bps yesterday.
  • Similarly, the 5 tick drop in EDZ2 from yesterday’s settlement sees it back to largely pricing in 4 full hikes through 2022. Highest volumes so far have been in EDZ3, down 8.5 ticks and pricing in a further ~2.5 hikes in 2023.

To read the full story

Close

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.