Free Trial

BoE MPC member Silvana Tenreyro's......>

GILT SUMMARY
GILT SUMMARY: BoE MPC member Silvana Tenreyro's dovish comments earlier in the
day has fuelled the bid in the short-end of the gilt curve.
- The Mar-20 gilt future trades at 131.74, up 53 ticks from Thursday's close and
7 ticks off the day's high; L-H: 131.31-131.81.
- Gilt yields are 4-6bps lower on the day. Cash yields (Last / 1d chg / L..H):
2Y (0.5306% / -5.2bp / 0.5241%...0.5624%); 5Y (0.5656% / -4.8bp /
0.5596%...0.5972%); 10Y (0.7754% / -4.3bp / 0.77%...0.8083%); 30Y (1.2642% /
-3.7bp / 1.2573%...1.2925%).
- The curve has bull steepened: 2s10s (23.9bp / 1bp / 22.5bp..24.1bp); 2s30s
(72.8bp / 1.6bp / 70.9bp..73bp).
- Short sterling futures have broadly rallied with reds outperforming: W (+
2.0/5.5 ticks); R (+ 5.0/5.5 ticks); G (+ 4.0/5.0 ticks); B (+ 3.0/4.0 ticks)

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.