Free Trial

A Belfast court has ruled that a.......>

GILT SUMMARY
GILT SUMMARY: A Belfast court has ruled that a no-deal Brexit would not break
the Good Friday Agreement. The government has also received favourable court
rulings in England & Wales, against an unfavourable ruling in Scotland. All eyes
are on the Supreme Court ruling Tuesday next week.
- Elsewhere, PM Boris Johnson has rejected a claim that that he lied to the
Queen over proroguing parliament.
- The Dec-19 gilt future trades at 132.3, down 20 ticks from Wednesday's close
and trading near worst levels; L-H: 132.28-132.71.
- Gilts have sold off with yields 1-2bps higher on the day. Cash yields (Last /
1d chg / L..H): 2Y (0.5061% / +2.3bp / 0.4912%...0.5071%); 5Y (0.4672% / +2.2bp
/ 0.4515%...0.4675%); 10Y (0.6532% / +1.8bp / 0.6369%...0.6537%); 30Y (1.1236% /
+0.6bp / 1.1024%...1.1242%).
- The curve has bear flattened: 2s10s (13.5bp / -1.1bp / 12.8bp..13.6bp); 2s30s
(60.6bp / -2.2bp / 59.8bp..61.8bp).
- The short sterling futures strip has steepened: W (- 0.5/2.0 ticks); R (-
2.0/3.0 ticks); G (- 3.5/4.0 ticks); B (- 3.5/4.0 ticks).

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.