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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
BoE and ECB hike pricing picked up Thursday
- ECB terminal depo Rate pricing +2.4bp to 3.99% (50bp of further hikes left in the cycle). Terminal pricing had its highest close since Jun 22, with Spanish and German June inflation data today pointing toward a eurozone-wide figure Friday that will be in line or perhaps slightly above consensus (notwithstanding the Dutch and French prints preceding it tomorrow).
- BoE terminal Bank Rate pricing +7.4bp to 6.26% (126bp of further hikes left in the cycle). Spurred on by above-expected US GDP and below-expected US jobless claims data in the afternoon, peak BoE pricing hit a fresh closing high for the cycle, reversing most of Wednesday's 9bp decline. UK GDP data arrives first thing Friday, with a 50bp BoE August hike priced at around 84%.
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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