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Fresh Highs For BoE Terminal Pricing

STIR

BoE rate hike pricing continues to rise as the day winds to a close: Mar 2024 is up 12bp on the session, now implying 142bp of hikes to a 6.42% peak.

  • That would be a fresh high and the biggest daily increase in terminal pricing since Jun 21, the day before the BoE surprised with a 50bp hike.
  • While there's been no specific news to drive such a move today, we continue to point out that "higher" remains the path of least resistance for BoE implied rates.

Source: BBG, MNI

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