BOC SAYS DOESN'T NEED TO ALTER PATH OF QT RIGHT NOW

this is a test, please ignore

MNI BRIEF: Text of Bank Of Canada Interest-Rate Decision

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

New Home Sales Activity And Prices Continue To Cool

US EIA: CRUDE OIL STOCKS EX SPR -3.74M TO 436.5M JUL 19 WK

Services PMI Gains Continue To Diverge From Soft Manufacturing

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

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

Futures Rally Stalls At Early High

GILTS
HomepageBond Market NewsBulletMarketsFixed Income Bullets

The recovery in gilt futures stalls at the early London high (97.23), with little in the way of meaningful headline flow seen since this morning’s UK & European data.

  • That leaves discussions centred on the CPI-PMI mix and domestic political matters.
  • The 50-day EMA (97.71) provides initial resistance on any extension higher in futures.
  • Cash gilt yields are 1.5-2.0bp lower across the curve.
  • A reminder that paper out to 30s breached yesterday’s yield highs during today’s early sell off.
  • The local calendar is limited for the remainder of the day, which will leave focus on wider news flow and North American event risk.
103 words

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.

The recovery in gilt futures stalls at the early London high (97.23), with little in the way of meaningful headline flow seen since this morning’s UK & European data.

  • That leaves discussions centred on the CPI-PMI mix and domestic political matters.
  • The 50-day EMA (97.71) provides initial resistance on any extension higher in futures.
  • Cash gilt yields are 1.5-2.0bp lower across the curve.
  • A reminder that paper out to 30s breached yesterday’s yield highs during today’s early sell off.
  • The local calendar is limited for the remainder of the day, which will leave focus on wider news flow and North American event risk.