Free Trial
USDCAD TECHS

Takes Out 20-, 50-Day EMAs

US TSYS

Weak Global PMIs

AUDUSD TECHS

Pierces 50-Day EMA

US TSYS

Eurodollar/SOFR, Tsy Option Roundup

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

SONIA strip moves higher as BOE vote 6-3 to raise rates 25bp

BOE
  • The language gets a bit of an upgrade, but the market had been looking for around a 1/3 chance of a 25bp hike today and there was already a lot priced in so SONIA futures still moved higher.
  • SONIA strip sees Dec-22 move from 97.00 to spike to 97.165 and now trading at 97.08 (8 tick increase).
  • Dec-23 from 96.815 to high of 96.90 and now 96.855 (4 tick increase).
  • Dec-24 from 97.165 yo 97.25 high, now 97.21 (4.5 tick increase).
  • Gilt futures from 111.70 to high of 112.20, now back to 111.75 (50 tick spike, but only 5 ticks higher than pre-BOE now).
100 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • The language gets a bit of an upgrade, but the market had been looking for around a 1/3 chance of a 25bp hike today and there was already a lot priced in so SONIA futures still moved higher.
  • SONIA strip sees Dec-22 move from 97.00 to spike to 97.165 and now trading at 97.08 (8 tick increase).
  • Dec-23 from 96.815 to high of 96.90 and now 96.855 (4 tick increase).
  • Dec-24 from 97.165 yo 97.25 high, now 97.21 (4.5 tick increase).
  • Gilt futures from 111.70 to high of 112.20, now back to 111.75 (50 tick spike, but only 5 ticks higher than pre-BOE now).