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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.
GILTS
- In line with other core fixed income markest, we are seeing a bull flattening in the gilt curve today with 10-year gilt yields down 6.3bps (in line with the move seen in Bunds) but slightly smaller falls in the short-end than the German curve (therefore seeing more flattening than the German curve).
- The 30-year yield has also seen a decent move off of yesterday's intraday high of 1.6533% (which was close to the 15 Feb high of the year at 1.6544%) and now stands at 1.515% at the time of writing, down 7.4bps on the day.
- The UK manufacturing PMI was revised higher today from 57.3 to 58.0, but there was little market reaction.
- There are no real UK-centric events scheduled for the rest of the day with Saunders and Mann both due to speak after the market close.
- 2y yields down -4.1bp today at 0.989%, 5y yields down -5.0bp today at 0.997%, 10y yields down -6.3bp today at 1.345%, 30y yields down -7.4bp today at 1.514%
- 2s10s down -2.2bp today at 35.6bp, 10s30s down -1.1bp today at 16.9bp
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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