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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 hold firm for Nov 2 at 68bp, unchanged since Fri close but firming in the US session after weakness overnight despite the ISM miss, with the 113bps of hikes to 4.22% relatively little changed.
- Much larger moves for 2023 meetings though, with a terminal now seen at 4.43% for Mar’23 (-10bp) before 4.13% for Dec’23 (-19bp), the latter back at pre-Sep FOMC levels and at one point 4.07% post-ISM and helping drive today's strength in equities with S&P up 3%.
- Williams with text and Q&A still to come shortly before five speakers tomorrow including the first from Governor Jefferson since his confirmation to the Board.
FOMC-dated Fed Funds implied ratesSource: 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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