Free Trial

2-Year Yields To Fresh Multi-Week Lows

GILTS

BoE Governor Bailey flags the prospect for deeper easing than markets currently price over the coming quarters, while reaffirming his view on differences between UK & U.S. inflation.

  • Still, he stresses that the Bank doesn’t hold any preconceptions and will come to a new judgment at each meeting.
  • The former is enough to press 2-Year gilts to fresh multi-week lows, although the move isn’t particularly pronounced and fades a little.
  • Gilt futures haven’t retested the spike highs that came on the back of the initial BoE decision, while GBP STIR pricing is roughly in line with levels flagged in our previous update.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.