GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

STIR: Just Over 60bp Of BoE Cuts Priced Through Year-End

STIR
BulletMarketsFixed Income BulletsForeign Exchange Bullets

Modest hawkish repricing in GBP STIRs has come alongside weakness in the long end.

  • Hawkish caveats from BoE’s Mann (detailed earlier) also helped the direction of travel this morning.
  • BoE-dated OIS now showing ~61bp of cuts through year-end vs. ~64bp early today.
  • Markets price 5bp of cuts through March (we have previously suggested that the vote split could be much tighter than many expect, if the Bank does remain on hold at the event), with the next cut fully discounted through May (matching our own expectation).

BoE Meeting

Keep reading...Show less
92 words

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.

Modest hawkish repricing in GBP STIRs has come alongside weakness in the long end.

  • Hawkish caveats from BoE’s Mann (detailed earlier) also helped the direction of travel this morning.
  • BoE-dated OIS now showing ~61bp of cuts through year-end vs. ~64bp early today.
  • Markets price 5bp of cuts through March (we have previously suggested that the vote split could be much tighter than many expect, if the Bank does remain on hold at the event), with the next cut fully discounted through May (matching our own expectation).

BoE Meeting

Keep reading...Show less