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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessPINCH UPDATE: Mounting concerns over the.........>
US: PINCH UPDATE: Mounting concerns over the global economic outlook, spurred on
last week by Apple's announcement that sales would disappoint on the back of
weaker Chinese demand, has underpinned a significant re-pricing in US rate
expectations. Implied OIS forwards and inflation breakevens have been pushing
lower since October with the market shifting over the last month from pricing in
no further hikes in 2019 to now pricing in a rate cut. We estimate an
OIS-implied probability of 42.4% of a 25bps cut by the December FOMC meeting. We
stress, however, that spot OIS rates have been quite volatile recently as a
result of the market passing through this inflexion point, which can lead to a
kinked trajectory for the implied forward curve.
Please see: https://tinyurl.com/y7fwznmc
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.