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Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessSOFR Futures Update: Projected 2023 Hike Steady
- Secured Overnight Financing Rate 3M futures are holding weaker levels across the strip, mirroring steeper Treasury curves with the short end outperforming.
- Front month Sep'23 SOFR futures are currently trading -0.005 at 94.59 (3M SOFR settled +0.00044 to 5.36985 (-0.00206/wk)). The balance of Whites through Reds (SFRZ3-SFRM5) are trading -0.025-0.060, Greens-Golds (SFRU5-SFRM8) -0.075-0.140.
- Rate hike projections through year end are steady to mildly higher, Sep 20 FOMC is 17% w/ implied rate change of +4.3bp to 5.371%. November cumulative of +9.5bp at 5.424, December cumulative of 5.8bp at 5.387%. Fed terminal holding at 5.42% in Nov'23.
To read the full story
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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.