FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Gilts are trading lower with yields....>

GILT SUMMARY
GILT SUMMARY: Gilts are trading lower with yields in the region of 1.5bp higher
across the curve weighed by mild risk-on flows despite renewed global trade and
US/NK summit concerns, as markets react favourably to announcement of new Italy
PM for now. Better than expected UK retail sales and a Times story saying that
UK might ask for extension of transition period also seen weighing.
- 2-yr Gilt yield +1.5bp at 0.785%, 5-yr +1.6bp at 1.14%, 10-yr +1.5bps at
1.447%, 30-yr +1.4bps at 1.874% & 50-yr +1.5bps at 1.675% according to Tradeweb
- Gilt June future opened lower, taking cue from fall in German Bunds as markets
took positives from Italy PM announcement and news that a more moderate Luigi
Zingales could become finance minister. The Times news story said that Theresa
May will ask the European Union for a second Brexit transition period to run
until 2023 to avoid a hard border in Ireland.
- The future then spiked lower in reaction to UK retail sales rising 1.6% m/m in
April compared to forecast for a 0.9% rise with all categories seeing a rise.
- Short sterling strip has bear steepened as green and blue contracts are lower
by 2/3 ticks paring sharp gains seen on Wednesday.
MarketsFixed Income Bullets
MarketsFixed 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.