Free Trial
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
- 2Y Tsys sitting unchanged from Friday’s close is consistent with the little change in end-2024 Fed Funds rate implying 135bp of cuts for the year.
- However, and unusually, it’s come with implied rates for March to June meetings rising 1.5-2bps on the day.
- In particular, March now has 10.5bp of cumulative cuts priced with its implied rate on track for the highest close since Dec 12 (the day before the FOMC’s dovish pivot).
- Similarly, June pricing has slipped to 55bp of cumulative cuts (vs 79bp before Waller last week on the need for a methodological, careful approach to cuts), with its implied rate also set to close at highs since Dec 12.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok