Free Trial
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
It is worth keeping an eye on 5s30s levels today which are at 92.0bps are challenging key levels after the recent break of the 200-day MA highlighted a medium-term bearish breakout.
- The spread has since recovered from its lows and is testing the 200-day MA at 92.4bps. A clear break of the average and of 93.1bps, the 38.2% retracement of the Feb -Jun downleg would suggest scope for a stronger recovery.
- From a bearish perspective, a failure at levels around the 200-day MA would instead signal scope for a return to recent lows of 80.5bps. A break here would resume the broader downtrend.
- Supply for the UK today consists of 10-year 0.25% Jul-31 gilts and 40-year 0.50% Oct-61 gilts while the main data release is construction PMI due at 9:30BST.
Source: Bloomberg, MNI
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok