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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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Free AccessThe front end of the Sonia curve is flatter...>
SONIA: The front end of the Sonia curve is flatter in early Friday morning trade
compared to Thursday's close as markets trade with a mild risk-off tone
following more sabres rattling from North Korea. The main focus today is on PM
May speech in Florence. The crust of the speech is already known -- paying
E20bln for a 2-yr transition deal, how much more there will be and if it will be
enough to unlock current stalemate in Brexit talks will be open for
interpretation. MNI PINCH now see markets pricing a 77.5% chance of a 25bp rate
hike in Nov 2017 and following levels in BoE forward dated Sonia:-
* Nov-17 -0.2bp at 0.412%
* Dec-17 -0.3bp at 0.436%
* Feb-18 -0.8bp at 0.528%
* Mar-18 -1.1bp at 0.538%
* May-18 -1.4bp at 0.631%
* Jun-18 -1.3bp at 0.638%
* Aug-18 -1.5bp at 0.699%
* Sep-18 -1.9bp at 0.704%
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.