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BoE-Dated OIS Now A Little Softer On The Day

STIR

The rally in core global FI markets allows '24 BoE-dated OIS contracts to print flat to 3bp softer on the day..

  • That pushes pricing of '24 cuts back above 60bp, while a 25bp cut is once again more than 90% priced through the end of the Aug '24 MPC.
  • Fiscal matters remain front and centre ahead of tomorrow's budget.
BoE MeetingSONIA BoE-Dated OIS (%)Difference Vs. Current Effective SONIA Rate (bp)
Mar-245.201+1.3
May-245.178-1.0
Jun-245.099-9.0
Aug-244.960-22.8
Sep-244.849-34.0
Nov-244.692-49.6
Dec-244.574-61.4
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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