Free Trial

EGB/GILTs: The BoE decision will be....>

BOND SUMMARY: EGB/GILTs: The BoE decision will be announced at 1200GMT.
Consensus expects no change in the bank rate. A shift in the vote composition
would be market moving. Focus will also be on the policy statement, which may
indicate how the MPC is interpreting recent policy developments.
- The early morning sell-off in gilts has stabilised. Yields are now 1-3bp
higher on the day. Current yield levels: 2-year 0.535%, 5-year 0.590%, 10-year
0.798%, 30-year 1.293%.
- EGB yields have pushed higher through the morning with BTPs leading the
- The German bund curve has bear steepened with 2s30s up 3bp.
- BTP yields are 4-7bp higher.         
- The European data calendar will be relatively light for the rest of the week
with the final Q3 GDP print for the UK being the highlight on Friday. 

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.