Free Trial

Follow Up SNB Cut Nearly Fully Priced Following Soft March CPI

STIR

Dovish moves in SNB-dated OIS in the wake of the softer-than-expected monthly CPI data, although ’24 meeting pricing doesn’t breach the dovish extremes seen in the wake of last month’s 25bp rate cut.

  • Markets then edge away from knee-jerk dovish extremes. ~24bp of easing is now priced for the SNB’s June meeting vs. 18.5bp late yesterday, while a cumulative ~51.5bp of cuts are priced through year end vs. ~43bp late yesterday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.