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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
ECB terminal rate pricing briefly dropped as much as 17bp on a Bloomberg piece on the ECB eyeing smaller-than-50bp hikes past Feb.
- Rates are now seen rising by a cumulative 131bp by the Jul meeting (ie 83bp total hikes beyond Feb's 48bp), down 11bp on the day. The session low was between 126-127bp.
- Post-article trade also knocked about 10bp out of March hike pricing, though that's bouncing back as well.
Cumulative Rate Change By Jul ECB Meeting, ppt Intraday Source: BBG, MNI
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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