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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.
GILTS
Core global FI markets have continued their move higher, with gilt futures now through initial resistance (98.27). Further extension would allow bulls to target the June 25 high (98.92), with the recent bearish theme at risk.
- Cash gilt yields are 3.5-6.5bp lower, with 10s leading the rally.
- 2-Year yields have printed below their March/June double bottom (4.096%) but need to force a more convincing break to expose the Dec ’23 low (3.964%).
- Yields further out the curve have failed to challenge their respective June lows.
- This afternoon’s comments from BoE chief economist Pill present the focal point of this week’s UK calendar, in our view (greater details are provided in several instances earlier in the day).
Fig. 1: UK 2-Year Gilt Yield (%)
Source: MNI - Market News/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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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