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Futures Register Another Session High

GILTS

Fresh demand in core global FI markets as NY reacts to the news flow and cross-market-market moves witnessed thus far.

  • Headline flow has been subdued over the last few hours, with geopolitical risk matters dominating.
  • Gilt futures trade as high as 97.66. Bulls look to the May 17 high (98.12) next.
  • Yields are little changed to 5bp lower on the day, as the curve flattens.
  • Broader demand for core global FI markets has helped gilts more than reverse the weakness that came on the back of the soft pricing metrics at this morning’s long end supply.
  • Local focus remains on political matters, with the initial Sunak-Starmer TV debate scheduled for 21:00 London time.
  • The Conservatives still trail heavily in the opinion polls.
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Fresh demand in core global FI markets as NY reacts to the news flow and cross-market-market moves witnessed thus far.

  • Headline flow has been subdued over the last few hours, with geopolitical risk matters dominating.
  • Gilt futures trade as high as 97.66. Bulls look to the May 17 high (98.12) next.
  • Yields are little changed to 5bp lower on the day, as the curve flattens.
  • Broader demand for core global FI markets has helped gilts more than reverse the weakness that came on the back of the soft pricing metrics at this morning’s long end supply.
  • Local focus remains on political matters, with the initial Sunak-Starmer TV debate scheduled for 21:00 London time.
  • The Conservatives still trail heavily in the opinion polls.