Free Trial

Dovish reaction for SONIA futures, but gilts unch

BOE
  • 50bp - having that dovish reaction as expected despite 3 members voting for 75bp and "forceful"remaining.
  • Dec-22 SONIA futures up from 95.98 to peak of 96.17 (back down to 96.125 now). Smaller move higher for Jun-23 SONIA futures - peak of 95.20 from 95.08.
  • Gilts spiked higher from 14.00 to 105.34 but now back below at 103.88 - perhaps the active gilt sales hadn't been as priced in as we had anticipated.

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.