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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.
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Free AccessSOFR Futures Update
- SOFR futures trading firmer, recovering slightly from last week's lows for the month as a projected rate hike at one of the next three FOMC meetings moderates.
- Front month Jun'24 SOFR futures are holding +0.005 at 94.7875 after 3M SOFR settled -0.00399 to 5.23471 (+.03186 total last wk). The balance of Whites (SFRU3-SFRH4) are trading +0.010-0.030, Reds-Golds (SFRM4-SFRH8) +0.040-0.065.
- Market confidence of a hike at the July 26 FOMC steady around 69% with an implied rate of +17.3bp to 5.253%. September cumulative of +21.3bp at 5.293% while November cumulative slips to 23.4 at 5.313% after pricing in just over a full 25bp hike last Friday. Fed terminal at 5.315% in Nov'23 this morning.
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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.