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Market News Topics
September 12, 2017 07:06 GMT
The front end of the Sonia curve is steeper...>
SONIA
SONIA: The front end of the Sonia curve is steeper in early Tuesday morning
trading compared to Monday's close as markets continue to trade with a risk-on
tone, while the Repeal Bill passed its 2nd reading in HoC last night. Looking
ahead the main event today will be UK Aug CPI and PPI data released at 0930GMT.
MNI median forecast is for CPI to rise to 2.7% y/y from 2.6% y/y. Fuel prices is
seen the main reason for the rise in forecasts while some still see pass through
from weaker currency. MNI PINCH now see markets pricing a 57.5% chance of a 25bp
rate hike in Feb 2018 and following levels in BoE forward dated Sonia:-
- Sep-17 0.2bp higher at 0.220%
- Nov-17 0.6bp higher at 0.279%
- Dec-17 0.4bp higher at 0.284%
- Feb-18 0.4bp higher at 0.358%
- Mar-18 0.7bp higher at 0.357%
- May-18 0.7bp higher at 0.406%
- Jun-18 0.8bp higher at 0.406%
- Aug-18 1.0bp higher at 0.435%
To read the full story
Close
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.
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.
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