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
- Fed Funds implied rates are near unchanged from yesterday’s close, keeping to yesterday’s development of the terminal remaining at a similar level but technically being kicked back a month to December (cumulative +12.5bp to 5.46%).
- Cumulative hikes from 5.33% effective: +1.5bp Sep (unch), +11.5bp Nov (+0.5bp), +12.5bp Dec (unch).
- Cuts from terminal: 37bp to Jun’24 and 103bp to Dec’24 (both unch). The first cut from current levels is still very close to fully priced with the June meeting.
- The day’s limited data has seen the NFIB small business survey slightly miss expectations for overall optimism but within it, planned price increases almost fully unwound last month’s decline.
Source: 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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok