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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
Nothing in the way of meaningful moves across the BoE-dated OIS strip, with the weekend news flow generally focused on U.S. debt ceiling matters and rhetoric out of the Fed & ECB, in addition to Sino-U.S. tensions. That leaves contracts across the strip within 1bp of Friday’s closing levels.
- BoE terminal policy rate pricing remains in the familiar 4.90-5.00% zone.
- Global cues will likely dominate on Monday. April’s inflation data presents the highlight of the week (due Wednesday), with BoE speak from Governor Bailey & Haskel also eyed over the coming days.
| BoE Meeting | SONIA BoE-Dated OIS (%) | Difference Vs. Current Effective SONIA Rate (bp) |
| Jun-23 | 4.634 | +20.7 |
| Aug-23 | 4.799 | +37.1 |
| Sep-23 | 4.892 | +46.5 |
| Nov-23 | 4.901 | +47.4 |
| Dec-23 | 4.886 | +45.9 |
| Feb-24 | 4.834 | +40.7 |
| Mar-24 | 4.754 | +32.7 |
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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