Free Trial

Following The Broader Bid

GILTS

Gilts follow core global FI markets higher with little to go off on the domestic front.

  • Futures last show +20 or so, after bears failed to force a challenge of Wednesday lows during yesterday’s sell off.
  • Cash gilts last show 1.5-4.5bp richer, bull steepening, with both the 2s10s and 5s30s curves a little shy of recent highs.
  • SONIA futures last show 0.5-5.5bp firmer, with the extension of the bid in core global FI/richer start for gilts allowing the early Friday bid to develop a little further. Contracts are in line to a little below yesterday’s pre-U.S. CPI levels.
  • BoE-dated OIS runs 0.5-3.5bp softer on the day, with the strip flattening.
  • BoE speak from Bailey & Cunliffe will cross ahead of the weekend.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.