MNI BRIEF: Fed's Musalem: Interest Rates Likely To Be 3.5%-4% Over Long Run

MNI BRIEF: US Sees $1.3T Budget Deficit Through Nine Months

FED’S DALY: POLICY ADJUSTMENTS LIKELY WARRANTED AT SOME POINT

MNI China Daily Summary: Thursday, July 11

MNI BOK WATCH: More Evidence Needed To Cut Rates, Says Rhee

MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

MNI: US JUN TREASURY BUDGET -66B

US Treasury Auction Calendar

US EIA:NAT GAS STORAGE +65 BCF TO 3,199 BCF JUL 05 WK

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ECB May Hike Pricing Almost Fully Back To 25bp, 50bp Left In Cycle

STIR

ECB hike pricing has extended a few bps higher since Bloomberg's piece out an hour ago citing sources saying Exec Board's Schnabel pushed for more explicit wording in the March statement on signalling further rate hikes.

  • A 25bp hike at the May ECB meeting is now 88% priced (vs a pause), up nearly 25% on the day and just short of the low-90% range seen Thursday before the large drop Friday (to as low as 60% probability).
  • The Schnabel story briefly helped nudge pricing just over 50bp in total cumulative hikes to the September peak; at the low Friday, as little as 20bp had been priced (ie no full hikes remaining in the cycle).
  • Recall we're set to hear from Schnabel later today at a Columbia University event (1600BST). Not too surprising to see she sits at the hawkish end of the spectrum, however.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.