Free Trial

After jumping higher to begin..........>

GILT SUMMARY
GILT SUMMARY: After jumping higher to begin Thursday following a dovish US Fed
decision Wednesday and some Italy-related risk aversion, Gilts have given up
almost all gains.
- The Dec 18 Gilt future is up 2 ticks at 120.81, having traded in a range of
120.77-121.3 today.
- A bit of bear flattening in the cash curve: the 2-Yr yield is up 1.9bps at
0.83%, 5-Yr is up 0.8bps at 1.183%, 10-Yr is unchanged at 1.593%, and 30-Yr is
down 0.4bps at 1.935%.
- Bank of England Chief Economist Andrew Haldane said at an event today that
further monetary tightening would be justified if growth continues at around its
trend rate, despite volatility in quarterly GDP data. Gilts dipped temporarily.
- Short Sterling weaker but not much of a move on the day, with Red contracts
off 2 ticks.
- Friday sees DMO Bill auction in the morning, final Q218 GDP data at 0930BST,
and BOE's Ramsden speaking at 1420BST.

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.