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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
The wind has been coming out of the sails of BoE hike pricing so far in August, with the futures-implied peak rate set to decline today for the 6th session in 7.
- Today the implied terminal rate is down 3.2bp to 5.72% (47bp of further hikes left in the cycle to Feb 2024), the lowest since Jun 12.
- Terminal pricing actually picked up a couple of basis points after the soft US CPI release, but has since pulled back.
- 20bp is priced for the September meeting, with the next data point of note being UK GDP out first thing Friday morning.
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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