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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 hold slightly lower for next week’s FOMC decision after relatively little change but otherwise have drifted higher still and only imply 25bp of cuts from the July terminal to year-end vs almost 40bps at Thursday’s close before Friday's mixed payrolls report.
- Odds of a June hike hold that 1/3 to 1/4 range seen since Jefferson’s skip rhetoric, whilst a July hike is still not quite fully priced.
- Cumulative changes from 5.08% effective: +7bp Jun (-0.5bp), +21bp Jul (unch), +19bp Sep (+2bp), +9bp Nov (+3.5bp), -5bp Dec (+3.5bp) and -22bp Jan (+4.5bp).
- Mester (’24 voter) gives brief welcome remarks at 1330ET but being within the blackout period shouldn’t touch on mon pol.
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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