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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
Familiar levels remain in play today, with terminal ECB deposit rate pricing holding around 3.75% and ~16bp of cuts priced by February ’24. This comes after Fed re-pricing & continued hawkish musings from Holzmann aided a slight reduction in the pricing of cuts on Tuesday. Final Eurozone CPI data presents the highlight on the regional data slate today, while another raft of ECB speak is due (de Guindos, de Cos, Elderson, Centeno & Rehn)
| ECB Meeting | €STR ECB-Dated OIS (%) | Difference Vs. Current Effective €STR Rate (bp) |
| Jun-23 | 3.376 | +22.9 |
| Jul-23 | 3.551 | +40.4 |
| Sep-23 | 3.638 | +49.1 |
| Oct-23 | 3.629 | +48.2 |
| Dec-23 | 3.572 | +42.5 |
| Feb-24 | 3.478 | +33.1 |
Source: MNI - Market News/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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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