Free Trial

Curve Twist Flattens

GILTS

Gilt bears look to force a break of early session lows in futures at typing, although the contract has meandered within the upper end of yesterday’s range thus far, last +10 or so.

  • Cash gilts run 3bp cheaper to 5.5bp richer as the curve twist flattens.
  • Local headline flow has been subdued.
  • The latest uptick in crude oil futures probably helped limit the early bid after solid metrics at the latest long end gilt auction aided the space (aiding long end outperformance).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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.