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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.
GILTS
With Wednesday's CPI reading looming this week ahead of the BoE, it's notable that UK 2s10s are on track for the most inverted closing level in 16+ years, at -58.6bp.
- Just a few weeks ago 2s10s were flat - that was May 23 - on May 24 we got the April CPI reading that kicked off the most recent sell-off led by the short end.
- 2s yields are up 10+bp on the day at a post-2008 high of 5.05%, with 10s up 6+bp at 4.47% (both rounded).
- -60.3bp is the Jan 2007 closing low. Beyond that point lies levels of inversion not seen since 2000.
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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