SONIA futures follow the move lower in core global FI markets, with the strip running flat to 5bp lower through the blues, steepening.

  • BoE-dated OIS run little changed to 2bp firmer, with that strip also steepening, although familiar pricing parameters remain in play there.
  • Most of the domestic weekend headline flow has centred on political and sovereign credit rating matters, which won’t have much/any feedthrough for UK STIRs.
  • The local docket is essentially empty on Monday, which will leave focus on broader headline flow and cross-market moves.

STIR: UK STIRs Bear Steepen A Little As Core Global FI Cheapens to Start The Week

Last updated at:Oct-23 06:54By: Anthony Barton

SONIA futures follow the move lower in core global FI markets, with the strip running flat to 5bp lower through the blues, steepening.

  • BoE-dated OIS run little changed to 2bp firmer, with that strip also steepening, although familiar pricing parameters remain in play there.
  • Most of the domestic weekend headline flow has centred on political and sovereign credit rating matters, which won’t have much/any feedthrough for UK STIRs.
  • The local docket is essentially empty on Monday, which will leave focus on broader headline flow and cross-market moves.