Free Trial

ECB-Dated OIS Off Highs, Despite Kazimir Pushing For Sep Hike

STIR

ECB-dated OIS fails to sustain anything like a meaningful bid in the wake of comments from ECB Governing Council member Kazimir.

  • His typically hawkish leaning comments pointed to a preference for one further rate hike, favoring such a move in September.
  • September meeting pricing failed to challenge Knot-inspired session highs and has settled around 8.5bp of tightening, while terminal deposit rate pricing operates around the 3.92% mark.
ECB Meeting€STR ECB-Dated OIS (%)Difference Vs. Current Effective €STR Rate (bp)
Sep-233.737+8.6
Oct-233.801+15.0
Dec-233.823+17.2
Jan-243.806+15.5
Mar-243.757+10.6
Apr-243.681+3.0
Jun-243.578-7.3
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.