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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.
STIR
Friday saw slightly more hawkish profiles for BoE and ECB rates over the cycle, with the ECB leading the way higher (we had noted last week that 75bp hike odds had likely been underestimated). Hawkish comments by ECB's Schnabel yesterday and Muller today are seen contributing.
- Dec ECB hike pricing ticked up to 62bp, just under 50% chance of a 75bp hike. Terminal pricing rose around 4bp to 2.93% in Jul 2023.
- BoE hike pricing for Dec was steady at 57bp, though terminal pricing picked up 4bp to 4.68% (Aug-Sep 2023) in sympathy with the global move.
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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