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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.
STIR
- Fed Funds futures are back to pricing in rate hikes as seen through most of yesterday or higher after implied hikes dipped late on.
- This sees 34bps priced for March, 80bps following the June meeting (>three hikes since payrolls) and 135bps for 2022.
- Eurodollars meanwhile are close to new post-payroll lows touched briefly this morning. Aside from H2 down 0.5 ticks, they are down 2-2.5 ticks through the remaining whites and then 3-4 ticks across the rest of curve.
- The bulk of the adjustment since the Jan 26 FOMC remains through whites and reds, with EDZ2 pricing in an additional 29.5bps and EDZ3 an extra 19.5bps of hikes since the meeting, with less difference thereafter as the curve flattens abruptly.
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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