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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
Gilt futures rally alongside global peers, last +38 at 98.33.
- Next resistance comes in at the 50-day EMA (see chart for detail more on levels), although the bearish technical picture remains intact.
- Cash gilt yields are 2.0-2.5bp lower on the day.
- The move supports SONIA futures, which now run flat to +3.5bp through the blues.
- BoE-dated OIS shows 69.5bp of cuts through ’24 vs. 68bp pre-open.
- UK weekend headline flow was dominated by political matters.
- Comments from BoE’s Breeden & Pill headline the UK calendar today.
Fig. 1: Gilt Futures (H4)
Source: MNI - Market News/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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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