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Pricing a terminal rate under 6%

SONIA
  • SONIA futures continue their moves higher, with the Bank Rate now expected to rise to a terminal rate of less than 6% (up from almost 6.5% at the peak).
  • Having said that the Sep-23 SONIA futures contract is still slightly below yesterday's highs...
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  • SONIA futures continue their moves higher, with the Bank Rate now expected to rise to a terminal rate of less than 6% (up from almost 6.5% at the peak).
  • Having said that the Sep-23 SONIA futures contract is still slightly below yesterday's highs...