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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
Softer crude oil prices and broader global core FI dynamics have allowed BoE-dated OIS to ease a touch this morning, building on yesterday’s general tick lower, leaving terminal rate pricing just above 5.45% (operating above yesterday’s session lows). Residual pricing of odds of a larger than 25bp hike remains evident over the next few MPC gatherings. A reminder that we do not have anything in the way of tier 1 data/BoE speakers scheduled until next week.
| BoE Meeting | SONIA BoE-Dated OIS (%) | SONIA BoE-Dated OIS At Close On 6 June '23 (%) |
| Jun-23 | 4.724 | 4.732 |
| Aug-23 | 5.015 | 5.027 |
| Sep-23 | 5.218 | 5.241 |
| Nov-23 | 5.354 | 5.395 |
| Dec-23 | 5.384 | 5.434 |
| Feb-24 | 5.363 | 5.401 |
| Mar-24 | 5.322 | 5.371 |
Source: MNI - Market News/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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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