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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
- Gilt futures are challenging the September 3 high (which comes in at 127.69) after the news that the government is due to announce Plan B Covid-19 restrictions later today. The current high of the day is 127.67 and we have come off a little to 127.50 at writing. Above 127.69 lies the 128.00 level (the August 31 high).
- We are now seeing some steepening of the curve as near-term hikes appear increasingly unlikely, with 2s10s up 0.7bp on the day to 28.3bp.
- In short sterling futures we are up 5 ticks on the day in some contracts.
- Looking at the SONIA futures strip over time White, Reds and Greens are in line with levels seen post the November MPC meeting, reversing all the moves in the strip since. Blues and further out imply less hikes in the medium-term however.
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.
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