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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
- Fed Funds implied rates have continued to steadily push higher for the June FOMC through most of the US session, after earlier briefly pausing and dipping on Conference Board consumer confidence (stronger than expected but with revisions altering the trajectory and a softer labor differential ahead of Friday’s payrolls report) and a miss for the Dallas Fed mfg index.
- It now prices 17bp of hikes for Jun and a cumulative 27bp for July (up 1bp and 2bp respectively since Friday’s close).
- It’s not a clean lift across subsequent meetings though, at least compared to Friday, with the 37bp of cuts from the July terminal to 4.98% at year-end still down -1.5bp.
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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