Free Trial

What's priced in?

STIR FUTURES
  • It has been a volatile start to the session with the Euribor strip a couple of ticks but the SONIA strip down up to 4 ticks and the Eurodollar strip up to 5.5 ticks lower this morning. (There are no obvious headline drivers).
  • There is around 57bp priced in for the Fed's December meeting with 98bp cumulatively priced by February, 118bp by March and a peak of 128bp priced by June. The curve then inverts, falling to 100bp by the end of 2023.
  • For the ECB there is 63bp priced for the December meeting with a cumulative 101bp priced by February, 127bp by March, 153bp by June and 166bp priced one year ahead.
  • For the BOE, there is 68bp priced for December, 111bp by February, 146bp by March and a peak of 173bp by August.

To read the full story

Close

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.