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
With few macro/headline catalysts in Wednesday's European session, ECB and BoE implied rate pricing was little changed.
- ECB terminal depo Rate pricing +1.5bp to 3.75% (51bp of further hikes left in the cycle, peak September). Next meeting (June) hike priced at 23bp.
- ECB's de Guindos (tightening is mostly done but still has a way to go) and de Cos (getting closer to the end of the hiking cycle) repeated commentary made since May's meeting.
- BoE terminal Bank Rate pricing +0.5bp to 4.92% (42bp of further hikes left in the cycle, peak September/Oct). Next meeting (June) hike priced at 19bp.
- BoE Gov Bailey offered little new on monetary policy in an appearance today, with his speech in line with the comments post-May MPR release. He (and Chief Econ Pill) appear Thursday.
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