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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

GILT SUMMARY
GILT SUMMARY: Gilts came under renewed selling pressure on the cross over to NY
session and look set to close near intra-day lows as markets trade with a mild
risk-on tone. The 10-yr is leading the rest of the sector lower and in-turn
pivoting the yield curve. 2s/10s is 1.8bp wider, while 10s/30s is 0.8bp tighter.
- 2-yr Gilt yield is +1.5bp at 0.743%, 5-yr +2.2bp at 1.056%, 10-yr +3.3bp at
1.336%, 30-yr +2.3bp at 1.769% & 50-yr +1.9bp at 1.621% according to Tradeweb.
- There was little in the way to trigger the selling pressure, however equities
gained on lack of rhetoric on US/China trade dispute and markets where unfazed
by talk of UK looking towards end of November for agreeing Brexit withdrawal
agreement (probably the last possible moment). Although Sterling fell against
both the US Dollar and the Euro.
- Rise in US job opening openings also added to downside pressure on Gilts.
- Short sterling futures have edged lower, with the strip steeper as blue
contracts fall by 2-3 ticks, while whites are steady to 1 tick lower.
- Markets look ahead to comments from BoE's McCafferty on LBC radio at 1600BST
tonight and then 10-yr Gilt re-opening auction tomorrow for Stg2.5bln.