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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 terminal rate pricing Monday edged to its highest close since April 19's 5.01%, which in turn was the highest since Oct 2022. On the day:
- BoE terminal Bank Rate pricing +3.2bp to 5.01% by Dec (50bp of further hikes left in the cycle). June hike pricing is 21bp (85+% prob of a 25bp raise). The continued upward repricing was not evidently the result of catalysts Monday, but comes ahead of Wednesday's key CPI release.
- ECB terminal depo Rate pricing +0.2bp to 3.78% by Oct (54bp of further hikes left in the cycle). June hike pricing is 24bp (95% prob of a 25bp raise). Comments by ECB speakers such as Villeroy and Lane didn't really move the needle.
Source: BBG, MNI
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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