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
- Fed Funds implied rates are unchanged from Friday’s close for the next three meetings but further out edge 1bp lower for Dec and Jan in light of a broader FI bid as they consolidate last week’s slide.
- Cumulative cuts from 5.33% effective: 1bp Jul, 28.5bp Sep, 45bp Nov, 69bp Dec and 87bp Jan.
- The limited move for near-term meetings is to be expected ahead of Wednesday’s FOMC decision. Today sees a particularly thin docket although labor-focused releases over the next two days including JOLTS and the Q2 ECI could still drive gyrations in the interim.
- See the MNI preview at the below link with a summary of analyst expectations to follow later today: https://roar-assets-auto.rbl.ms/files/65477/FedPrevJul2024.pdf
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