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STIR: Still Under 80bp Of BoE Cuts Priced Through Dec '25

STIR

Continued demand for core global FI sees SONIA futures tick higher this morning, contracts last flat to +3.0.

  • BoE-dated OIS little changed to 2bp more dovish vs. closing levels, last showing just under 30bp of cuts through March and ~78bp of cuts through December ’25, recent ranges intact.
  • UK headline flow remains muted, which when coupled with a limited domestic calendar, should leave macro and cross-market cues at the fore into the weekend.

BoE Meeting

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Continued demand for core global FI sees SONIA futures tick higher this morning, contracts last flat to +3.0.

  • BoE-dated OIS little changed to 2bp more dovish vs. closing levels, last showing just under 30bp of cuts through March and ~78bp of cuts through December ’25, recent ranges intact.
  • UK headline flow remains muted, which when coupled with a limited domestic calendar, should leave macro and cross-market cues at the fore into the weekend.

BoE Meeting

Keep reading...Show less