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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
- Fed Funds implied hikes have drifted lower overnight to chip away at yesterday’s potential ECB-related increase.
- 30.5bp for Mar (-0.5bp), cumulative 60bp for May (-0.5bp), 89bp to 5.47% terminal in Sep (-1bp) before 14bp of cuts to 5.33% year-end (-1.5bp). The terminal and year-end remain near levels after the latest step higher from the surprising strength of ISM prices paid, and with the terminal not far off Thursday highs of 5.51%.
- Powell in focus, due to start with the Senate at 1000ET but no set time to potential pre-release of remarks.
Source: 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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