MNI: China CFETS Yuan Index Up 0.49% In Week of Nov 15

MNI: PBOC Net Injects CNY38.9 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1907 Mon; +0.11% Y/Y

CHINA PBOC CONDUCTS CNY172.6 BLN VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1907 MON VS 7.1992

CORRECTED-MNI INTERVIEW: NBH To Hold Rates

Japan Sep Machine Orders -0.7% M/M

EZ/UK Bond Supply Calendar: EU Synd; SK, BE Auction on Monday

MNI: US SEP BUSINESS INVENTORIES +0.1%; SALES +0.3%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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

/STIR: BofA Suggest Front End Pricing Reaching Limit, Feb Data Now Eyed

US TSYS

Bank of America write “market pricing re: the Fed in ’24 has converged to the dot plot and it will likely be difficult for the market to reduce '24 cut pricing further.”

  • “Historically, the market prices more significant cuts and hikes vs what the dot plot guides, and on average this spread is around 25bps to the 1y ahead dot.”
  • “The market will likely struggle to price < 75bps of cuts in '24 unless the data justify a move higher in Fed dots.”
  • “While we recommend investors have patience on adding duration until 10s are closer to 4.50%, the front end may be reaching a ceiling until Feb data.”
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
FOMC Calendar Market NewsHomepageBond Market NewsBulletMarketsFixed Income Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
FOMC Calendar Market NewsHomepageBond Market NewsBulletMarketsFixed Income Bullets

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.