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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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Note that FOMC dated OIS now price in a cumulative ~82bp of tightening come the end of the Fed’s June meeting, meaning that a roughly 30% chance of back-to-back 50bp rate hikes from the Fed is priced for its next two meetings, with hawkish re-pricing most recently aided by Fed Chair Powell’s firmer tone when it comes to tightening (delivered on Monday). Meanwhile, December ’22 FOMC dated OIS is pricing in ~185bp of cumulative tightening over the remainder of the calendar year. That equates to ~7.4x 25bp hikes over the remaining 6 Fed meetings of ’22.
Fig. 1: June & Dec ’22 FOMC Dated OIS (%)
Source: MNI - Market News/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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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