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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
The market currently gives a tightening at the September 20 FOMC meeting virtually no chance after this week’s CPI data. November witnessed a notable 10% increase in such expectations earlier in the week but that has been subsequently unwound. The Fed is in its policy blackout period ahead of the FOMC meeting next week. The chances of a 25bp hike at the next policy meeting across the $-bloc sit at:
- 2% for Sep 20 (FOMC);
- 26% for Oct 25 (BoC);
- 9% for Oct 3 (RBA); and
- 14% for Oct 4 (RBNZ).
Figure 1: $-Bloc STIR
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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