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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 is...........>
SONIA: The front end of the Sonia curve is modestly steeper in Wednesday morning
trade compared to Tuesday's close as hopes are raised further Brexit talks will
move forward as newswires report that the UK and EU have agreed the divorce
bill. The contentious issue of the Irish boarder though still remains. Looking
ahead BoE net lending and mortgage approval data is release at 0930GMT, while
BoE Carney is due to give a speech at 1400GMT, but unlikely to touch on monetary
policy. MNI PINCH calculate a 61.5% chance of a rate hike in May 2018 & see
following levels in the short end of the Sonia curve:-
* 6-mth +0.1bp at 0.505%
* 9-mth +0.2bp at 0.553%
* 12-mth +0.2bp at 0.599%
* 15-mth unch at 0.638%
* 18-mth +0.1bp at 0.671%
* 21-mth +0.1bp at 0.701%
* 2-yr +0.2bp at 0.73%
* 3-yr +0.4bp at 0.824%
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.