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October 19, 2020 14:23 GMT
Back To Flat
GILT SUMMARY
Having traded weaker earlier in the session, gilts have rallied this afternoon and now trade close to unch on the day and the curve flat overall.
- Last yields: 2-year -0.0658%, 5-year -0.0773%, 10-year 0.1824%, 30-year 0.7274%.
- The Dec-20 gilt future is trading toward the top end of the day's range (L:136.28 / H: 136.58) and 4 ticks off the high.
- Citing official insiders, Bloomberg earlier reported that the UK government could decide to rewrite the contentious Internal Markets Bill in a bid to get a Brexit deal over the line. However, Downing St continues to stress that Brussels needs to fundamentally alter its position in order for negotiations to progress.
- Looking ahead, the DMO will tomorrow offer GBP600mn of the 1.25% Nov-32 linker.
- There are no further significant data releases until Wednesday when CPI data for August and public sector finance data for September will be published.
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