Free Trial
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.
GILTS
A bullish turnaround for the UK short end today: 2Y yields are down 10bp since just before the weak US ISM Manufacturing data, and are off nearly 15bp from the high - last down 5.5bp for the session at 3.39%.
- The curve had bear flattened early in the session on the oil price spike but it's now bull flatter on the session (10s are -7.6bp at 3.41%). The 2s10s spread has just stayed in positive territory throughout, bottoming at 0.2bp (it was last inverted on Mar 23).
- Terminal BoE Bank rate pricing is down 2.2bp on the day to 4.64% (by contrast, Fed and ECB terminal pricing is up).
UK 2s10s IntradaySource: BBG
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok