DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Gilts have been stuck in a.............>

GILT SUMMARY
GILT SUMMARY: Gilts have been stuck in a relatively tight trading range, with
only limited spillover from this afternoon's weaker than expected MNI Chicago
PMI print.
- The Sep-30 gilt future trades at 137.84 (L/H: 137.73/137.98 and has lacked
direction through the session.
- Cash yields are 1-2bp lower across much of the curve, while the very long end
now trades close to unch on the day. Current yield level: 2-year -0.11%, 5-year
-0.0796%, 10-year 0.1481%, 30-year 0.6068%.
- Reuters earlier reported that BoE Chief Economist Andy Haldane has indicated
that the MPC had yet to discuss whether the Bank would sell gilts before raising
the bank rate significantly. 
- Data published this morning showed the UK economy contracting at a faster pace
than initially expected during the first quarter (-2.2% Q/Q vs -2.0% survey).
- Tomorrow will see the release of the Nationwide House Price Index and the
final manufacturing PMI print for June.
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.