FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

SOFR Futures Update

STIR

SOFR futures are trading mixed, short end recovering slightly from Thursday's lows while markets still considering likely deluge of bill issuance following a debt ceiling increase as the Treasury moves to increase cash buffers.

  • Front month Jun'24 SOFR futures currently trading +0.005 at 94.815 well after 3M SOFR settled +0.03411 to 5.16347 (+.09367/wk). The balance of Whites through Reds (SFRU3-SFRH5) is currently trading steady to +0.010, Greens through Golds (SFRM5-SFRMH8) -0.005-0.015.
  • Fed funds implied 25bp hike at the next FOMC on June 14 at 9.2bp, while projected rate cuts later in the year remain well off week lows:
  • At the moment, September cumulative is -2.8bp (-20.8bp Tuesday) at 5.045%, November cumulative -21.2bp (-43.7bp Tuesday) at 4.861%, Dec'23 cumulative -42.3bp (-69.0bp Tuesday) at 4.650%, while Jan'24 cumulative is -62.6bp (-93.3bp Tuesday) at 4.448%.
  • Fed Terminal currently at 5.165% in Jul'23 this morning.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.