Free Trial

BREXIT TENSIONS STILL SIMMERING

GILT SUMMARY

Following this morning's sell-off, gilts have lacked direction through the afternoon. The curve is steeper on the day as a result of the shorter end staying anchored and yields as the longer end inching past yesterday's close.

  • Last cash yields: 2-year -0.0965%, 5-year -0.0711%, 10-year 0.2408%, 30-year 0.8209%.
  • The Dec-20 gilt future trades at 135.86, 16 ticks off the day's low.
  • Short sterling futures are 0.5-1.5 ticks higher in whites/reds/greens/blues.
  • Earlier in the session the Irish PM warned Boris Johnson not to undermine the Withdrawal Agreement, echoing the dismay emanating from Brussels over the UK government's proposed internal market bill.
  • Tomorrow sees the release of monthly GDP, industrial production, construction output, index of services and international trade data for July.

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.