Free Trial

Gilts are a little weaker early........>

GILT SUMMARY
GILT SUMMARY: Gilts are a little weaker early Wednesday as PM May heads to
Brussels amid sustained domestic opposition to her Brexit withdrawal deal.
- The Dec 18 Gilt future is down 25 ticks at 122.75, having traded in a range of
122.72-122.9 thus far.
- The 2-Yr yield is up 2.5bps at 0.734%, 5-Yr is up 2.6bps at 0.947%, 10-Yr is
up 3.1bps at 1.414%, and 30-Yr is up 2.2bps at 1.984%.
- Short Sterling futures are off 2-3 ticks across the strip.
- PM May is in Brussels this evening to meet with EC President Juncker ahead of
the EU special Brexit summit on Sunday.
- A key objection that has emerged is over Gibraltar, with Spain apparently
holding reservations over the draft withdrawal agreement in this respect.
- The Conservative movement of no confidence in PM May appears to be fizzling
out, though increasing objections are emerging from elsewhere in Parliament,
with the Scottish SNP and Labour meeting on Tuesday, and the Northern Irish DUP
withholding their vote for the Conservatives' finance bill.

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.