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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-dated OIS settles back from post-decision highs, even as ECB President Lagarde underscores the Bank’s persistent approach when it comes to fighting inflation, which alludes to the potential for the higher for longer rate scenario, while earmarking a likely rate hike in July and remaining non-committal when it comes to terminal rate levels. The market impulse derived from the latest U.S. initial jobless claims print, detailed elsewhere, limited the initial hawkish reaction, seeing terminal ECB pricing back from highs of ~3.95% to closer to 3.90%.
| ECB Meeting | €STR ECB-Dated OIS Post-Press Conference (%) | €STR ECB-Dated OIS Pre-Press Conference (%) | €STR ECB-Dated OIS Pre-Decision (%) |
| Jun-23 | 3.400 | 3.398 | 3.396 |
| Jul-23 | 3.619 | 3.617 | 3.597 |
| Sep-23 | 3.770 | 3.768 | 3.733 |
| Oct-23 | 3.814 | 3.826 | 3.761 |
| Dec-23 | 3.794 | 3.817 | 3.758 |
| Jan-24 | 3.751 | 3.780 | 3.731 |
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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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