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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 FUTURES
- Post Presidents Day, Fed Funds implied hikes show 29bp for Mar (+1.5bp from Fri close), a cumulative 53bp for May (+2bp), 73bp to 5.31% terminal in Jul (+3bp) before cutting to 5.11% in Dec (+5bp).
- That terminal sits fractionally off Friday’s fresh cycle highs whilst the 20bps of cuts from peak to year-end remains within last week’s range having been trimmed heavily prior to that (incl 50bp prior to payrolls).
- Next scheduled Fed commentary not until tomorrow’s FOMC minutes followed by NY Fed’s Williams.
FOMC-dated Fed Funds futures implied ratesSource: 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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