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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 were helped lower by a modest miss for the ECI building on slower ADP employment growth and pay gains, but have since pared most of the decline.
- Today’s FOMC decision aside, implied rates are only 0.5bp lower since ECI.
- The 28bp for September remains off recent extremes which saw as much as 31.5bp priced last week prior to GDP strength.
- Cumulative cuts from 5.33% effective: 1bp for today’s decision, 28bp Sep, 45bp Nov, 68bp Dec and 87bp Jan.
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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