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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 are little changed from pre-Thanksgiving levels for the next two meetings, with 3.5bp of cumulative tightening with January.
- They’ve drifted higher further into 2024 though, biased by yesterday’s EU price action, moving further away from a first cut in May (cumulative 14bp) which is still seen in June (27bp).
- With the Dec'24 implied rate rising 4bps since Wednesday's close, the cumulative 85bp of cuts from current levels to end-2024 is the lowest since US CPI on Nov 14, vs 75bps at the Nov 13 close and having touched 100bps after the release.
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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