Free Trial
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
ECB and BoE peak rate pricing ticked higher Friday to conclude a volatile week, with the latter touching fresh highs for the year.
- ECB terminal depo Rate pricing +0.9bp to 3.98% (49bp of further hikes left in the cycle to Dec 2023). Daily peak rate closes were in a fairly tight range all week (3.96-3.99%) and stubbornly below last week's peak above 4% despite several potential risk events including ECB's Sintra conference and flash June inflation readings. The latter likely cemented a 25bp July hike though (92% priced).
- BoE terminal Bank Rate pricing +2.5bp to 6.28% (128bp of further hikes left in the cycle to Feb 2024): BoE pricing finished 3bp higher on the day and the week after falling as low as 6.18% on Wednesday. 46bp remains priced for the August MPC, roughly the same as it started the week.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok