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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 peak rate pricing ticked up to an 8-session high to start the week, with opinions remaining split over Thursday's meeting outcome. BoE hike pricing picked up marginally from Friday's 3-month low.
- ECB terminal depo Rate pricing +1.2bp to 3.94% (19bp of further hikes left in the cycle to Dec 2023). Pricing for Thursday's decision remains on a relative knife's edge, with 40% prob of a 25bp hike / 60% of a pause.
- BoE terminal Bank Rate pricing +1.5bp to 5.63% (38bp of further hikes left in the cycle to Dec 2024). Hike pricing picked up modestly Monday, though there was little reaction to hawkish commentary by BoE's Mann, with most attention on UK labour market data out first thing Tuesday. There's 20bp (80% prob of a 25bp hike) priced for the September MPC, with 33bp priced cumulatively through the next 2 meetings.
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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