Free Trial

What Is Priced For The Fed?

STIR

A quick look at FOMC dated OIS markets in the wake of the latest Russia-Ukraine developments. March FOMC dated OIS currently prices in ~29bp of tightening, while Dec ’22 FOMC dated OIS prices in ~145bp of cumulative tightening over that horizon. These levels compare to the respective 50bp & cumulative ~175bp of tightening that was briefly priced into markets less than 2 weeks ago (with the hawkish extremities coming on the back of slightly firmer than expected CPI data and ’22 FOMC voter Bullard calling for 100bp of tightening by the start of July, while he also pointed to the potential for an inter-meeting hike).

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

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.