Free Trial

BOE in Focus

BOND SUMMARY
  • Gilts and Bunds are lower on the day after yesterday's FOMC meeting but Treasuries are little changed on the day having rallied and failed to hold gains.
  • Attention today is turning to the BOE where the vote split will be in focus. Most expect a unanimous 9-0 vote but there is possible dissent from Saunders and/or Haskel in favour of extending QE immediately. Outside of this, the tone of the Minutes and Statement will be closely watched to see whether the MPC convey further downside risks.
  • Today will also see claims and housing data in the US.
  • TY1 futures are up +0-0+ today at 139-15 with 10y UST yields down -1.8bp at 0.681% and 2y yields down -0.5bp at 0.134%.
  • Bund futures are down -0.05 today at 173.87 with 10y Bund yields up 1.0bp at -0.475% and Schatz yields down -0.2bp at -0.697%.
  • Gilt futures are down -0.07 today at 136.07 with 10y yields up 1.3bp at 0.223% and 2y yields up 0.5bp at -0.62%.

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.