Free Trial
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 have dipped a little after Independence Day to leave them at the bottom of Thursday’s dovish data driven range, with September pricing of note at it shifts closer to a cut ahead of nonfarm payrolls.
- Cumulative cuts from 5.33% effective: 2.5bp Jul, 20.5bp Sep, 30bp Nov, 48bp Dec and 62bp.
- NY Fed’s Williams (voter) is currently speaking at a RBI event in Mumbai after non-market moving prepared remarks which noted that inflation progress has been “significant” but the job is not done. Full text here.
- Williams is technically today’s only scheduled speaker but the Fed’s Monetary Policy Report will be published today (historically at 1100ET) ahead of Powell’s Congressional appearances next week. It can help set the tone for Powell’s remarks but ultimately his prepared remarks will be published on Tuesday on the day of his Senate testimony.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok