FED'S BARKIN: LOOKING FOR MORE EVIDENCE OF INFLATION'S DECLINE

BARKIN: FED SHOULD ACT DELIBERATELY, KEEP CLOSE EYE ON ECONOMY

MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

MNI China Daily Summary: Wednesday, July 17

MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

US Treasury Auction Calendar

Broad-based Softening In June Underlying Inflation Metrics

EZ/UK Bond Supply Calendar: Spain, France Auction on Thursday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Clawing Back Early Losses

GILT SUMMARY

Gilts sold off sharply early into the session and the curve bear steepened before retracing much of the move from mid-morning onwards. Cash bonds will trade below yesterday's close and the curve is 2-3bp steeper on the day.

  • Last yields: 2-year 0.0547%, 5-year 0.354%, 10-year 0.7944%, 30-year 1.3115%.
  • The Jun 21 gilt future trades at 128.13, 5 ticks off the day's high.
  • The short sterling futures strip has steepened with greens/blues 2-3 ticks lower.
  • The DMO earlier sold GBP900mn of the 0.125% Aug-31 linker. A further GBP213.65mn was taken up through the PAOF.
  • The BoE purchased GBP1.48bn of medium-dated gilts with offer-to-cover of 1.99x.
  • Focus now shifts to the FOMC later today.
Homepagemarkets-real-timeBulletMarketsFixed Income Bullets

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.