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SONIA futures up to 20 ticks higher now; spillover into Euribor / SOFR

STIR FUTURES
  • SONIA futures now up to 20 ticks higher on the day with the biggest moves seen in the Sep24 / Dec24 contracts and at the time of writing all Reds at least 15 ticks higher on the day (Greens 13-15.5 ticks higher on the day with Blues up 9-11 ticks).
  • The soft UK CPI print and moves in SONIA futures have also pulled Euribor and SOFR futures higher (Reds for both up to 6.5 ticks higher too).

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