Free Trial

Short End Repricing Hike Expectations

STIR

Fed funds implied hike for Feb'23 -2.1 at 29.4bp post data, Mar'23 cumulative -1.5 at 48.6bp to 4.818%, May'23 -0.9 at 58.6bp to 4.917%, terminal falls to 4.895% in Jun'23 vs. 4.935% earlier.

  • Balance of Eurodollar Whites (EDM3-EDZ3) +0.055-0.065, Reds (EDH4-EDZ4) +0.085-0.100, Greens through Golds (EDH5-EDZ7) +0.120-0.060, Golds underperforming.
  • Current deferred spds vs. opening lvls
    • Jun'23/Sep'23: at -0.155 vs. -0.140
    • Mar'23/Red Mar'24: -1.025 vs. -0.950
    • Jun'23/Red Jun'24: -1.545 vs. -1.470

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.