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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
- The payrolls report has made very little impact on September FOMC pricing (+4bp, -0.5bp since the release) but increasingly weighs further out with the overnight trimming of 2024 cuts easily more than reversed in a move that continues more than an hour after the data.
- Cumulative hikes from 5.33% effective: +4bp in Sep (-0.5bp since NFP), 8bp in Nov to 5.41% terminal (-2bp)
- Cuts from Nov terminal: 4bp to Dec’23 (from 3bp), 63bp to Jun’24 (from 53bp) and 131bp to Dec’24 (from 119bp). If it closed now, those 2024 cuts would be the largest close since the Jul 26 FOMC decision.
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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