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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
Helped by a late burst into the close, BoE terminal rate pricing rose to a 1-month high for the 3rd consecutive session Thursday, with ECB peak pricing up for the 7th consecutive day.
- BoE terminal Bank Rate pricing +10.5bp to 6.14% (89bp of further hikes left in the cycle to Mar 2024) - With today's increase, BoE pricing has risen 41bp in the past 5 sessions. September pricing ticked up over 1bp and is now showing better than 1/3 chances of a 50bp hike; 55bp of total tightening is priced through the next two meetings. UK retail sales data awaits Friday morning.
- ECB terminal depo Rate pricing +0.8bp to 3.97% to Dec 2023 (21bp of further hikes left in the cycle), highest since Jul 26th. There's 15bp of a hike priced for the September meeting (ie 60% prob of a 25bp hike), with 19bp priced through the next two meetings cumulatively.
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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