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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
- Stronger than expected house price growth has helped continue to unwind the earlier softening after spillover from weaker than expected Spanish inflation, leaving implied rates little changed from Friday’s close, led by terminal pricing slightly higher.
- Of note, Fed Funds implied rates are back to pricing more than 50% likelihood of a June hike (+16bps) and fully pricing a July hike (cumulative +26.5bps), with 34bps of cuts from the implied terminal to an effective 5.00% by year-end (i.e. just 8bps of cumulative cuts from current levels) – see table below for broader strip.
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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