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
ECB terminal depo Rate pricing looks to be closing out the week on a firmer note, +2.4bp on the day to 3.77% (implying 52bp of further hikes left in the cycle to Sept/Oct).
- This would make it about 5bp clawed back over the past two sessions, vs the sharp drop earlier in the week on softer-than-expected eurozone national inflation prints on balance. That would pare the drop in peak rates on the week to 8bp from 15bp as of Wednesday's close.
- A June hike remains strongly priced (96% probability).
- The mixed US payrolls data hasn't really had much impact on ECB hike pricing, which has ticked steadily higher through the day.
- There's been little in the way of impactful ECB commentary, while the main post-market risk event is this evening’s potential sovereign rating update from S&P on France (current rating: AA; Outlook Negative) which is being taken in stride.
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