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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 and BoE terminal rate expectations are a couple of basis points off session lows but overall continue to soften as US bank concerns spill over into Europe.
- ECB terminal Depo rate pricing is -5.6bp today at 3.75% (implying 75bp of further hikes to Oct), 15bp lower than Monday's close.
- BoE terminal Bank Rate pricing -2.3bp to 4.91% (implying 66bp of further hikes to Sep); that's down about 8bp vs Monday's close.
- May hikes remain fully priced though: 31bp for the ECB (roughly 25% prob of a 50bp hike), 27bp for BoE.
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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