Free Trial
US

NY Fed: Weekly Economic Index (WEI)

EQUITIES

Earnings Cycle Reaching Critical Mass

ENERGY SECURITY

EU To Debate USD$100/b Cap On Russian Refined Oil Products

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

ECB Dec Hike Pricing Dips On 50 vs 75bp Bloomberg Sources

STIR
  • ECB-dated OIS for the Dec 14 meeting fall 2bps to 56.5bp after Bloomberg reports ECB officials may favour a 50bp hike instead of 75bp.
  • "Initial discussions suggest a lack of momentum for another 75 basis-point move at present, the people said, declining to be identified because Governing Council deliberations are private. Barring another surprise surge in inflation, the consensus might well favor the less aggressive step, they said" - bbg
  • Further reaction potentially limited by (final) CPI for Oct hitting tomorrow and preliminary Nov CPI on Nov 30, along with the may/might nature of less aggressive steps in the article.

ECB-dated OIS implied hike for Dec meeting (%pt)Source: Bloomberg

127 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • ECB-dated OIS for the Dec 14 meeting fall 2bps to 56.5bp after Bloomberg reports ECB officials may favour a 50bp hike instead of 75bp.
  • "Initial discussions suggest a lack of momentum for another 75 basis-point move at present, the people said, declining to be identified because Governing Council deliberations are private. Barring another surprise surge in inflation, the consensus might well favor the less aggressive step, they said" - bbg
  • Further reaction potentially limited by (final) CPI for Oct hitting tomorrow and preliminary Nov CPI on Nov 30, along with the may/might nature of less aggressive steps in the article.

ECB-dated OIS implied hike for Dec meeting (%pt)Source: Bloomberg