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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
Pricing for the September BoE decision has eclipsed 30bp (20% probability of a 50bp hike vs 25bp), up 7bp on the day following the stronger-than-expected UK wage data. A full 50bp cumulative is priced through the upcoming two meetings.
- Terminal pricing is now up 12bp on the day, pointing to a total 75bp of hikes left in this cycle to a a peak Bank Rate of 6.00% (in Mar 2024) for the first time since Jul 18th. That's up 28bp since last Thursday's close.
- Meanwhile, that's pulling up ECB peak pricing which is set to rise for the 6th straight session, up 3bp to 3.97% (Dec 2023) - highest since Jul 26, with a September 25bp hike basically a 50% proposition.
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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