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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
The BoE-dated OIS strip comes under some light twist steepening pressure this morning as it reacts to wider cross-asset moves. Terminal rate pricing remains somewhat sticky in the 6.25% policy rate zone. There hasn’t been much in the way of UK specific news flow to push the space about, with the weekend seeing PM Sunak remaining reluctant to provide large increases in public sector pay, while Chancellor Hunt noted that consumer watchdogs should do all they can when it comes to helping bring down prices.
- Click for a full summary of this week’s BoE speakers.
| BoE Meeting | SONIA BoE-Dated OIS (%) | Difference Vs. Current Effective SONIA Rate (bp) |
| Aug-23 | 5.370 | +44.2 |
| Sep-23 | 5.762 | +83.4 |
| Nov-23 | 6.026 | +109.8 |
| Dec-23 | 6.170 | +124.2 |
| Feb-24 | 6.196 | +126.8 |
| Mar-24 | 6.182 | +125.4 |
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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