Free Trial

BoE Pricing Little Changed To A Touch Firmer

STIR

The light cheapening in core global FI markets helps bias BoE-dated OIS a touch firmer today, with local political- and housing-centric headline flow not moving the needle for markets.

  • Liquid contracts are flat to ~2bp firmer on the session.
  • 9bp of tightening is showing for next month’s MPC, with terminal rate pricing showing ~19bp above prevailing levels.
BoE MeetingSONIA BoE-Dated OIS (%)Difference Vs. Current Effective SONIA Rate (bp)
Nov-235.278+9.1
Dec-235.343+15.6
Feb-245.378+19.1
Mar-245.377+19.0
May-245.343+15.6
Jun-245.295+10.8
Aug-245.227+4.0
Sep-245.130-5.7
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

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.