MNI: PBOC Net Drains CNY20.7 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1886 Thurs; -2.34% Y/Y

MNI BRIEF: PBOC To Issue Record Volume of CNH Bills Next Week

CHINA DEC CPI +0.1% Y/Y VS MEDIAN +0.1%; NOV +0.2%: NBS

MNI BRIEF: US Hiring, Pay Growth Continue Downshift- ADP

MNI China Daily Summary: Wednesday, January 8

MNI:AUSTRALIA NOV TRADE BALANCE A$+7079

MNI: AUSTRALIA NOV RETAIL SALES +0.8% M/M

MNI: UK DEC BRC SHOP PRICES +0% M/M, -1% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

STIR: 57bp Of BoE Cuts Priced Through '25

STIR
BulletMarketsFixed Income BulletsForeign Exchange Bullets

GBP STIRs little changed to a touch more dovish given the tick away from yesterday’s lows in core global FI markets.

  • BoE-dated OIS flat to 1bp more dovish across ’25 contracts. 57bp of cuts priced through year-end, with ~17bp of cuts priced for February, ~21bp of cuts priced through March and ~33bp of easing showing through May.
  • SONIA futures little changed to +2.0. Dec lows still untested through SFIU7.
  • Little of note on the UK data calendar today, meaning focus will be centred on the long end and U.S. data.
  • There is a busier schedule tomorrow, with the BoE DMP, S&P-KPMG-REC report on jobs and comments from BoE’s Breeden due.

BoE Meeting

Keep reading...Show less
116 words

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.

GBP STIRs little changed to a touch more dovish given the tick away from yesterday’s lows in core global FI markets.

  • BoE-dated OIS flat to 1bp more dovish across ’25 contracts. 57bp of cuts priced through year-end, with ~17bp of cuts priced for February, ~21bp of cuts priced through March and ~33bp of easing showing through May.
  • SONIA futures little changed to +2.0. Dec lows still untested through SFIU7.
  • Little of note on the UK data calendar today, meaning focus will be centred on the long end and U.S. data.
  • There is a busier schedule tomorrow, with the BoE DMP, S&P-KPMG-REC report on jobs and comments from BoE’s Breeden due.

BoE Meeting

Keep reading...Show less