Free Trial

EGB/GILT SUMMARY: Fasten your seat.....>

BOND SUMMARY: EGB/GILT SUMMARY: Fasten your seat belts, a deal is on! 
-It has been a busy morning session, driven by the UK Govie curve, the Pound and
Equity risk back on. 
-GBPUSD spiked to 1.2990 , making it a HUGE 6.5% rally since last Thursday, on
the news that UK and EU have reached a Brexit deal. 
-Gilts took its cue from the Pound and risk on Equity move to trade lower and 36
ticks down at the time of typing. 
-EGB's have followed suit, with Bunds dropping lower and trading 25 ticks in the
-There's still plenty ahead and expect more back and forth in the next few days
going into the vote now expected on Saturday. 
-Lots of chatter in Westminster that the Boris Johnson will ask the EU to rule
any out another extension, to force the numbers in parliament and dodge the Benn
-3 DUP also voiced that they will not vote for Boris Brexit deal.

To read the full story



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.