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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
- After a quick flick higher and then subsequent reversal on the Kashkari CNBC headlines, June pricing is again moving higher (he sees the decision as a close call after WSJ weekend comments seeing him open to skipping a hike in June but clearly not a pause).
- Fed-dated OIS is now 1bp higher for June, at 5.13% implying 5bp of hikes but still down notably from the 8-9bp of hikes priced Friday prior to debt talk impasse headlines.
- The Dec’23 sits +1bp on the day at 4.64% for 44bp of cuts from current levels by year-end.
FOMC-dated OIS implied June 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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