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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
- Lower-than-expected U.Mich 1Y inflation expectations and the realised revision for the 5-10Y figure has taken the edge off the earlier jump in Fed pricing after stronger than expected core PCE inflation (including non-housing services), durable goods and real consumer spending.
- FOMC-dated OIS is circa 1bp lower for the June decision with a still solid +14bp priced, whilst terminal pricing for the July meeting is 2bps off post-0830ET data highs with a cumulative +24bp priced.
- Beyond, there is only 34bp of cuts prices from the peak to year-end, leaving a Dec’23 rate just 11bps lower than the current effective rate of 5.08% - see further cumulative changes in the table below.
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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