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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
A week is a long time in terms of $-Bloc STIR pricing these days. Currently, NZ stands as the exception in terms of futures pricing, but interestingly, it has taken a dovish turn following the surprising decision by the RBNZ to signal a likely peak in its OCR at its most recent MPS.
- On the other hand, the market has almost fully priced in another 25bp hike in the US ahead of the FOMC meeting scheduled for June 13-14.
- Expectations in Australia and Canada go even further, as more than a full 25bp rate hike is priced in ahead of this week's policy decision meetings by the RBA (tomorrow) and the BoC (Wednesday).
Figure 1: $-Bloc STIR
Source: MNI – Market News / 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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