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
STIR markets within the $-bloc have seen small net movements over the past week, with the market awaiting the upcoming Jackson Hole Symposium.
- Year-end official rate expectations firmed by 7bps in New Zealand over the past week as the euphoria following the August 14 rate cut by the RBNZ was pared. A cumulative 71bps of easing is priced by year-end.
- By contrast, the US, Canadian and Australian markets have seen year-end official rate expectations soften by 1-4bps over the past week.
- The December 2024 expectations and the cumulative easing across the $-bloc are as follows: 4.40%, -93bps (FOMC); 3.75%, -75bps (BoC); 4.08%, -24bps (RBA); and 4.54%, -71bps (RBNZ).
Figure 1: $-Bloc STIR (%)
Source: MNI – Market News / Bloomberg
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