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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
ECB and BoE terminal pricing have now retraced most of their intraday drop:
- ECB terminal depo Rate pricing -1.3bp to 3.90% (15bp of further hikes left in the cycle to Dec 2023) - had been as low as 3.88% around midday alongside the bottom in Eurostoxx Bank equities, softest since Aug 3 - but have bounced as bank stocks have stabilised (see chart).
- BoE terminal Bank Rate pricing -1.6bp to 5.76% (51bp of further hikes left in the cycle to Mar 2024) - likewise had fallen to 5.71% intraday before clawing back.
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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