Free Trial

10s30s steepen on remit; 2s5s flatten on NI rate cut

GILTS
  • 3 gilt auctions being added:
    • Long conventional on 13 December.
    • Medium conventional on 19 December.
    • Linker on 16 January (conventional auction moved from 16 Jan to 17 Jan).* Net bill issuance reduced by GBP10bln.
  • Some had expected less issuance in linkers / longs in particular. These moves are already seeing 10s30s steepen.
  • However 2s5s is flattening on the lower rate cut expectations due to the NI rate cut (and helped by US claims data).

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.