Free Trial

Away From Lows After 2-Way NFP Reaction

GILTS

Gilt futures trade away from fresh session lows, drawing on moves in U.S. Tsys after the mixed labour market report.

  • Futures last -5, with no change in the technical picture post-U.S. data.
  • Cash benchmarks run 2bp cheaper to 2bp richer, twist flattening.
  • SONIA futures move away from lows post-data, as the strip twist flattens.
  • Comments from BoE’s Pill did little, as he stressed interest rates are not on a preset course, underscoring a focus on inflation persistence, while also flagging the risk of doing too much re: rate hikes (reintroducing a phrase he had used earlier this year).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.