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Why MNI
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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.
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Free AccessFollowing Peers Higher After Long Weekend
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.
To read the full story
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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.