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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
Pricing for the December ECB meeting next week dipped just under 2bp Monday to a fresh post-Oct meeting low of 53bp, implying 88% chance of a 50bp as opposed to 75bp hike at the meeting.
- This came after comments by Governing Council members Makhlouf today and Villeroy Sunday pointing to a likely half-point raise.
- Terminal ECB rate hike pricing remained buoyed at 2.83-2.84% though, bolstered by solid Italy/Spain PMI data for Nov.
- BoE pricing for next week was steady at 55bp; terminal for Sept 2023 was up about 5bp at 4.63%.
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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