Free Trial

Pricing Of Fed Cuts Moderates A Little After PPI

STIR

FOMC-dated OIS pricing of the terminal rate is little changed post-PPI, showing around 5.405% come November.

  • Still, the data has allowed the degree of cuts priced into the strip through June ’24 to moderate by about ~7bp vs. pre-data levels, leaving ~53.5bp of cuts showing in that window.
  • Pricing remains in familiar territory, albeit moving away from dovish extremes witnessed in recent sessions.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

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.