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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 have lifted by ~1bp overnight for most meetings over the next six months but continue to be weighed by yesterday’s geopolitics-driven risk off moves.
- The BoJ's ultimately very well telegraphed 15bp hike to 0.25% had little impact at the time.
- Markets continue to see extremely low odds of a cut from the FOMC today but will be looking for a teeing up to a September cut with a 25bp move more than fully priced.
- See the full MNI Fed Preview here: https://roar-assets-auto.rbl.ms/files/65494/FedPrevJul2024%20-%20with%20analysts.pdf
- Cumulative cuts from 5.33% effective: 1bp Jul, 28bp Sep, 44bp Nov, 68bp Dec and 85bp Jan.
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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