Free Trial
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.
STIR
BoE and ECB peak pricing rose from session lows Friday to finish higher, in sympathy with a belated post-Powell speech US rates selloff, but closed the week 12bp and 2bp lower, respectively.
- ECB terminal depo Rate pricing +3.1bp to 3.93% (17bp of further hikes left in the cycle to Dec 2023. 8bp is priced for September's meeting - MNI's ECB Sources piece today pointed to the Governing Council mulling a hawkish pause. Next week's inflation data could be decisive on that front.
- BoE terminal Bank Rate pricing +1.8bp to 5.89% (64bp of further hikes left in the cycle to Feb 2024) Pricing for September's MPC implies a full 25bp hike with small (<10%) chance of a 50bp raise, with 47bp of hikes priced through the next two meetings cumulatively. Reminder that UK markets are closed Monday for a bank holiday.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok