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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 shown little lasting spillover from softer than expected Eurozone PMIs (composite 46.5 vs cons 47.4), led by Germany services re-entering contractionary territory (48.0 vs cons 50.0).
- Rates for near-term meetings are unchanged on the day, with cumulative hikes of +0.5bp for Nov, +5.5bp for Dec and +9.5bp for January to a terminal 5.43% effective.
- Instead, meetings further out have reversed most of yesterday’s decline. It leaves cuts of 27bp from terminal to Jun’24 (from 29bp yesterday) and 82bp of cuts from terminal to Dec’24 (from 87bp yesterday).
- US preliminary PMIs for October headline today’s docket.
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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