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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
Market expectations regarding terminal interest rates in the $-bloc have exhibited a 3-5bps softening since this time yesterday, with the exception of Canada.
- Terminal rate expectations assign less than a 50% probability of another 25bp rate hike in the US and Australia.
- In contrast, Canada continues to exhibit a markedly different stance, with more than a full 25bp rate hike priced.
- NZ sits in the middle of the $-bloc with 20bps of additional tightening priced.
Figure 1: $-Bloc STIR: Terminal Rate Expectations & June’24 Pricing
Source: MNI – Market News / Bloomberg
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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