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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessThe front end of the Sonia curve has..........>
SONIA: The front end of the Sonia curve has shifted higher slightly in early
Monday morning trade compared to Friday's close despite the Guardian reporting
latest Visa card spending in February showing a fall of 1.1% and that the first
quarter was on track to be the "worst on record". There is no data from the UK
today, so markets likely to be turning their attention to Spring Budget tomorrow
and start of BoE APF reinvestment programme. MNI PINCH calculate 80% chance of a
hike in May-18 and a 57.5% chance of a second rate hike in November. Current
levels in short end Sonia:-
* 6-mth +0.5bp at 0.62%
* 9-mth +0.4bp at 0.678%
* 12-mth +0.4bp at 0.731%
* 15-mth +0.3bp at 0.777%
* 18-mth +0.4bp at 0.821%
* 21-mth +0.4bp at 0.861%
* 2-yr +0.4bp at 0.899%
* 3-yr +0.4bp at 1.02%
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.