Free Trial
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
- Continued debt limit headlines still muddy the waters (latest McCarthy follows Graves in saying a deal is not close yet), but stronger service PMI details including “resilient strong increases in service sector charges” help support earlier increases in rate expectations.
- With the Fed so keenly watching non-housing services inflation and companies often stating that “greater wage bill drove inflation, as firms sought to pass-through higher cost burdens to clients”, June FOMC OIS pricing is only slightly off session highs at +8bps (Friday’s pre-debt talk impasse levels of +8-9bps).
- Subsequent meetings have seen larger moves off earlier highs but still hold decent increases on the day. Cumulative change from 5.08% effective: +8bp Jun (+2.5bp), +12.5bp Jul (+3bp), +3.5bp Sep (+3bp), -14bp Nov (+5bp), -34bp Dec (+4.5bp) and -59bp Jan (+7bp).
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok