Free Trial

SONIA Strip Flatter To Start

STIR

SONIA futures are flat to a touch firmer, with any bullish impetus derived from Asia-Pac Tsy richening likely curtailed by some pre-ECB weakness in Bund futures.

  • That leaves the contracts running flat to 3.5bp richer through the blues, with the blues leading the bid.
  • Volumes are light.
  • Gloom surrounding the domestic housing market dominated local news flow overnight, with the RICS house price balance metric moving to the lowest level seen since ’09.
  • Feedthrough from the latest ECB decision will be eyed later today.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.