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Free AccessGilts & Bunds A Little Softer In Wake Of U.S. Data, But Fail To Challenge Session Cheaps
Gilts & EGBs take their cues from Tsys around the U.S. data, as you would expect. The initial cheapening halted as Tsys found a post-data base after a modestly hawkish re-pricing on the FOMC-dated OIS strip, with both Gilt & Bund futures failing to get anywhere near re-testing session lows. Bunds run 0.5bp to 1.5bp cheaper across the cash curve, with the belly leading the weakness, meanwhile, Gilts maintain their twist steepening posture, running 3bp richer to 2bp cheaper, pivoting at the 10-Year point.
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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.