Free Trial

Conflicting Domestic Data Impact Filters In

GILTS

Gilts initially moved higher given the softer-than-expected outcome in the final UK Q3 GDP print, with the firmer-than-expected retail sales data and a move away from recovery highs in Bunds then helping the space away from best levels.

  • Futures show +10 or so around 103.05, sticking within yesterday’s range thus far. The contract operates around the middle of the early 45-tick range.
  • Cash gilt yields are 0.5-2.0bp lower on the day.
  • SONIA futures now sit flat to +3.5 through the blues.
  • BoE-dated OIS is little changed to 4.5bp softer through contracts covering ’24 MPC meetings.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.