Free Trial

Brexit headlines have been the big.....>

BOND SUMMARY
BOND SUMMARY: Brexit headlines have been the big talking point in markets this
morning. Tweets from an RTE reporter that after meeting Arlene Foster yesterday,
Boris Johnson would present a new deal to the EU today saw gilts move a little
lower on the open. However, since then we have seen further headlines that the
meeting between Foster and Johnson was "difficult" and Barnier has since said
that the UK's latest proposals are "not enough". Gilts are now little changed.
- The Fed's Bullard (dove) said that monetary policy will be decided on a
"meeting-by-meeting basis" and that "additional accommodation" could be provided
going forward. Treasuries have drifted higher, but part of the move is catching
up with the moves seen in other core bond markets yesterday.
- In terms of economic data, UK earnings data disappointed while the
unemployment rate picked up. The German ZEW was a little better than expected.
- Carney is currently speaking and the BoE's Vlieghe, Fed's Bostic, George and
Daly are all due to speak today.
- TY1 futures are up 0-6 today at 130-13 with Bund futures up 0.09 at 172.67 and
Gilt futures up 0.07 at 132.61.

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.