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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 FUTURES
ECB hike pricing finished largely unchanged Tuesday, with BoE pricing lower but up from intraday lows set after a weaker-than-expected set of UK labour market data.
- ECB terminal Bank Rate pricing +0.5bp to 3.74% (49.4bp of further hikes left in the cycle). On the day, comments by ECB hawk Holzmann (supported a 50bp hike at May's meeting) didn't really move the needle, and soft German ZEW figure and poor Dutch GDP had little impact.
- June hike pricing steady at 22bp.
- BoE terminal Bank Rate pricing -4.1bp to 4.91% (40.8bp of further hikes left in the cycle), with the move lower largely on the aforementioned UK labour data.
- June hike pricing was a couple of bp softer, to 19bp, vs 21bp prior.
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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