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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.
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Free AccessA Touch Firmer
Wider core global FI and cross-asset flows help facilitate a fairly contained rally in gilts in recent trades.
- Gilt futures trade to fresh session highs at 98.41, before backing off to the 98.30 area. Cash gilt yields are 2.0-3.5bp lower on the day, with the front end outperforming.
- The recently covered comments from noted BoE dove Dhingra, via the FT, further cemented her well-known standing on the MPC’s hawk-dove spectrum (she voted for a cut last week). The fact that her stance is well-defined provided only very modest movement in STIRs & gilts.
- A reminder that Dhingra will appear at an MNI event on 21 February.
- SONIA futures are flat to 6.5bp firmer on the day, while BoE-dated OIS has steadied, pricing a little under 85bp of cuts through ’24.
To read the full story
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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.