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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
ECB and BoE hike pricing continues to pick up Tuesday, catching up to US rate weakness following European holidays.
- Terminal expectations are set to close the day at the highest since prior to the Silicon Valley Bank turmoil (the week ending Mar 10):
- ECB implied terminal rates are up about 4bp in the past hour and 14bp on the day. Now pricing in 3.65% depo rate in September (ie 65bp of tightening). A 25bp hike in May is over 95% priced.
- BoE pricing is up 8+bp to a peak Bank Rate of 4.73% in September (just under 50bp of cumulative hikes), with 80% implied prob of a 25bp raise in May.
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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