MNI BRIEF: Fed's Goolsbee Sees Jobs Risk From Tight Policy

MNI BRIEF: Investors Saw BOC Cutting to 3% By Q3 2025

MNI: BLS: NET PAYROLLS REVISIONS FOR JUNE, MAY -29,000

MNI China Daily Summary: Friday, August 2

MNI China Press Digest Aug 2: Hukou, Property, State Grid

MNI: PBOC Sets Yuan Parity Higher At 7.1376 Fri; -0.90% Y/Y

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 482; GAS RIGS 98

EZ/UK Bond Supply Calendar: BoE APF Operation on Monday

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Following the Leaders

GILT SUMMARY
  • Gilts have taken a bit of a backseat today, following the leads of Bunds and Treasuries.
  • Media coverage has continued to focus on politics with Brexit negotiations seemingly stalling as the UK want to focus on issues that are simpler and can be resolved while leaving the elephants in the room until later, but the EU wanting to focus more time and energy on the harder negotiations.
  • In addition to Brexit, the fiscal stance is under the spotlight following weekend headlines surrounding tax hikes to corporation tax, pensions and capital gains tax and potential changes to the "triple lock" state pension that is guaranteed to rise at least 2.5% each year.
  • Tomorrow monetary policy will come back into focus with appearances from five MPC members. Governor Bailey, Ramsden and Vlieghe will testify before the Treasury Select Committee, kicking off at 14:00BST. While this event continues Broadbent will give the keynote speech at the CEBRA Annual meeting followed by Bank Chief Economist Haldane chairing a panel beginning at 1630BST.
  • Gilt futures are down -0.18 today at 134.83 with 10y yields up 1.6bp at 0.326% and 2y yields down -0.5bp at -0.83%.
BulletMarketsFixed Income Bullets
BulletMarketsFixed Income Bullets

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.