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Kneejerk on the open, but now more settled

SONIA
BulletMarketsFixed IncomeForeign Exchange
  • SONIA futures saw a big kneejerk move lower on the open, but now within a few minutes we have seen the Jun-22 contract up a couple of ticks on the day and Reds down up to 2.5 ticks.
  • These are still significant moves since Wednesday's close with the Sep-22 contract 18 ticks lower and the rest of the Whites / Reds at least 10 ticks lower.
  • Blues are around 2.5 ticks higher at writing, which is putting them closer to Wednesday's close.
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  • SONIA futures saw a big kneejerk move lower on the open, but now within a few minutes we have seen the Jun-22 contract up a couple of ticks on the day and Reds down up to 2.5 ticks.
  • These are still significant moves since Wednesday's close with the Sep-22 contract 18 ticks lower and the rest of the Whites / Reds at least 10 ticks lower.
  • Blues are around 2.5 ticks higher at writing, which is putting them closer to Wednesday's close.