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- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
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Free AccessThe front end of the Sonia curve is...........>
SONIA: The front end of the Sonia curve is modestly steeper in early Tuesday
morning trading compared to Monday's close, as markets come under a little
pressure despite growing concerns over progress of Brexit negotiations. Main
event today will be release of UK public borrowing numbers for July. MNI median
forecast is for PSNBx of Stg0.9bln, however with sharp rise in UK T-bill
issuance lately risk is seen to the upside. MNI PINCH now see markets pricing a
42% chance of a 25bp rate hike in Feb 2018, and the following levels in BoE
forward dated Sonia:-
- Sep-17 unchanged at 0.217%
- Nov-17 0.1bp lower at 0.270%
- Dec-17 unchanged at 0.273%
- Feb-18 0.3bp higher at 0.318%
- Mar-18 0.3bp higher at 0.311%
- May-18 0.6bp higher at 0.356%
- Jun-18 0.6bp higher at 0.357%
- Aug-18 0.5bp higher at 0.384%
To read the full story
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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.