MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI: US REDBOOK: DEC STORE SALES +4.2% V YR AGO MO

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: Eying Wider Moves In Bonds, Next Week's Event Risk Into View

GILTS
CEEMEABulletUKGlobalFixed Income BulletsRegionMarkets

Gilts continue to follow global peers.

  • Futures stick comfortably within yesterday’s range after failing to close the early opening gap higher during a pullback.
  • Futures last trade at 101.08 vs. session lows of 101.00.
  • Yields 0.5-1.5bp lower on the day, curve a touch flatter.
  • SONIA futures last unch. to +3.5, off session highs.
  • BoE-dated OIS showing ~49bp of cuts through year-end and ~135bp of cuts through June ’25.
  • Although spill over from Fed pricing remains a key driver, this week’s local labour market data didn’t hinder the odds of further BoE cuts, while GDP data came in on the soft side, aiding the dovish move.
  • U.S. UoM sentiment data could have some impact shortly (due 15:00 London).
  • Further out, the latest BoE decision (Thursday) and CPI data (Wednesday) dominate next week’s UK calendar, while the key macro risk event will come in the form ff the latest Fed policy decision (with event risk heightened after yesterday’s dovish press reports). 
151 words

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.

Gilts continue to follow global peers.

  • Futures stick comfortably within yesterday’s range after failing to close the early opening gap higher during a pullback.
  • Futures last trade at 101.08 vs. session lows of 101.00.
  • Yields 0.5-1.5bp lower on the day, curve a touch flatter.
  • SONIA futures last unch. to +3.5, off session highs.
  • BoE-dated OIS showing ~49bp of cuts through year-end and ~135bp of cuts through June ’25.
  • Although spill over from Fed pricing remains a key driver, this week’s local labour market data didn’t hinder the odds of further BoE cuts, while GDP data came in on the soft side, aiding the dovish move.
  • U.S. UoM sentiment data could have some impact shortly (due 15:00 London).
  • Further out, the latest BoE decision (Thursday) and CPI data (Wednesday) dominate next week’s UK calendar, while the key macro risk event will come in the form ff the latest Fed policy decision (with event risk heightened after yesterday’s dovish press reports).