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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
Driven by this morning's PMI beat, BoE terminal rate pricing is up over 15bp on the session, pointing to 63bp of further hikes by September 2023 (Bank rate of 4.63%).
- That's still about 5bp off the Feb 14 peak seen after US CPI and UK jobs/wage data (and before reversing the following day on softer-than-expected UK CPI numbers).
- 42bp of cumulative hikes are priced in by the May meeting, up 7bp on the day. This implies 25bp fully priced for March, with about 2/3 prob of a further 25bp in May.
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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