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Following Peers Higher After Long Weekend

GILTS
Bank Of England (BOE) Market NewsHomepageBond Market NewsBulletMarketsFixed Income Bullets

Gilts follow core global peers higher after the long weekend, with futures moving beyond Friday’s high in the process.

  • Contract +61 at 97.57 (97.49-59 range).
  • The 50-day EMA (97.65) presents the key short-term resistance point. A break there would pose a slightly deeper threat to the prevailing technical picture and expose round number resistance at 98.00.
  • Cash gilt yields are 3.5-4.5bp lower across the curve.
  • SONIA futures are little changed vs. pre-gilt open levels, -0.5 to +6.0 through the blues.
  • A quick briefing of UK news and data flow can be found in our early morning STIR bullet.
  • Only lower tier UK data is due Tuesday, with Thursday’s BoE decision moving into view. Expect our full preview of that event later today.
  • The DMO will tap the 1.50% July 53 green gilt for GBP2.5bn on Wednesday.
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Gilts follow core global peers higher after the long weekend, with futures moving beyond Friday’s high in the process.

  • Contract +61 at 97.57 (97.49-59 range).
  • The 50-day EMA (97.65) presents the key short-term resistance point. A break there would pose a slightly deeper threat to the prevailing technical picture and expose round number resistance at 98.00.
  • Cash gilt yields are 3.5-4.5bp lower across the curve.
  • SONIA futures are little changed vs. pre-gilt open levels, -0.5 to +6.0 through the blues.
  • A quick briefing of UK news and data flow can be found in our early morning STIR bullet.
  • Only lower tier UK data is due Tuesday, with Thursday’s BoE decision moving into view. Expect our full preview of that event later today.
  • The DMO will tap the 1.50% July 53 green gilt for GBP2.5bn on Wednesday.