Free Trial

Fresh Bid In SONIA Futures, But Shy Of Session Highs

STIR

The combination of U.S. data & BoE Governor Bailey’s suggestion that bank rate returning to around neutral levels is the most likely outcome promotes some fresh dovish repricing in BoE-dated OIS.

  • That leaves ~38bp of additional cuts priced through year end, with the next 25bp cut fully discounted come the end of the November meeting.
  • SONIA futures last 4.5-12.0bp firmer on the day, shy of session highs.
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.