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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
- Hikes implied by Fed Funds futures have been trimmed modestly after yesterday’s steepening.
- After fully pricing 7 hikes in 2022 late yesterday for the first time, Dec’22 pricing dips to 171bps.
- The path remains somewhat front-loaded with a cumulative 97bps priced over the next three meetings, starting with 25bp liftoff tomorrow being seen as very likely (27bps).
- Data: PPI inflation for Feb (0830ET) will help finalise core PCE estimates for Mar 31 and Empire mfg for Mar (0830ET) offers the first look at US business sentiment following the beginning of the war in Ukraine after Germany’s ZEW investor survey has just tanked.
FOMC-dated Fed Funds futures cumulative hikes for specific meetingsSource: 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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