Free Trial

Gilts have had a bit of an up and......>

GILT SUMMARY
GILT SUMMARY: Gilts have had a bit of an up and down day today. After a strong
open, gilts almost immediately sold off but have since recovered and yields
across the curve are pretty much all around 0.8bp higher on the day.
- Brexit headlines have helped GBPUSD move above the 200-dma and break above
down trendline resistance as it looks increasingly likely that Labour will back
the Cooper amendment. Along with support from some Tories, this would increase
the probability of an extension to Article 50 rather than a no deal exit in
March (although it still appears to us that the market is underpricing the
probability of a no deal scenario.
- The rest of the week has a pretty light data calendar and Brexit remains the
driving force, although it is likely any amendments will not be voted on until
next week.

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.