MNI: Fed’s Schmid Says Rates Nearing Neutral, Can Be Patient

MNI BRIEF: Gilt Moves Orderly, 'So Far, So Good'- BOE Breedon

MNI: Fed’s Collins Calls For Gradual Approach To Rate Cuts

MNI BRIEF: Banxico Set To Consider Larger Rate Cuts - Minutes

MNI BRIEF: Mexico Inflation Up To 4.21%, More Rate Cuts Loom

MNI China Daily Summary: Thursday, January 9

EZ/UK Bond Supply Calendar: EU Synd; IT Auction, BoE APF Mon

MNI: EUROZONE NOV RETAIL SALES +0.1% M/M, +1.2% Y/Y

MNI: GERMANY NRW DEC CPI +0.5% M/M, +2.5% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

STIR: Dovish Rebound Extends, 51.5bp of BoE Cuts Priced For '25

STIR
BulletMarketsFixed Income BulletsForeign Exchange Bullets

Correction from hawkish session/cycle extremes continues as gilts edge further away from lows.

  • UK news flow limited since this morning.
  • ~51.5bp of BoE cuts now priced through year end vs. ~39bp at one stage today.
  • SONIA futures flat to +4.0. Contracts as much as 16.5 off session lows.
  • The market-implied rate cutting profile continues to look flat to us, although sticky UK inflation, fiscal risks and the recent hawkish repricing in the U.S. present headwinds to dovish positions.

BoE Meeting

Keep reading...Show less
84 words

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.

Correction from hawkish session/cycle extremes continues as gilts edge further away from lows.

  • UK news flow limited since this morning.
  • ~51.5bp of BoE cuts now priced through year end vs. ~39bp at one stage today.
  • SONIA futures flat to +4.0. Contracts as much as 16.5 off session lows.
  • The market-implied rate cutting profile continues to look flat to us, although sticky UK inflation, fiscal risks and the recent hawkish repricing in the U.S. present headwinds to dovish positions.

BoE Meeting

Keep reading...Show less