MNI China Daily Summary: Thursday, June 27

MNI BRIEF: China EU In Close Communication - MOFCOM

MNI BRIEF: China To Hold Key Third Plenum On July 15-18

MNI Brief: China Third Plenum To Deepen Reforms

MNI: PBOC Net Injects CNY80 Bln Via OMO Thurs; Rates Unchanged

Inflation Accelerates in June

Services Expected Prices Remain At Elevated Levels

Thedeen Does Not Commit To Cut In August, Depends on Data

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Early Move Lower Consolidates, Curve Twist Steepens On Global Impulses

GILTS

Gilt futures haven’t got anywhere close to unwinding the opening gap lower, last printing -60 or so after recovering from session cheaps ahead of the 95.00 level. The move lower breached initial technical support. Today’s low (95.11) now provides initial downside focus, while resistance is seen at the July 27/19 highs (96.81/97.84).

  • The cash curve sees some twist steepening pressure on read through from the BoJ & various inflation releases out of Europe, leaving the major benchmarks running 2.5bp richer to 6.5bp cheaper.
  • SONIA futures are left 5.5bp richer to 5.5bp cheaper through the golds, with twist steepening in play on the strip.
  • Local headline flow remains limited, while the domestic docket is essentially empty into the weekend, leaving local focus on next week’s BoE monetary policy decision.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageBond Market NewsBank Of England (BOE) Market NewsBulletMarketsFixed Income Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageBond Market NewsBank Of England (BOE) Market NewsBulletMarketsFixed 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.