Free Trial
STIR

Effective Fed Funds Rate

EGB SYNDICATION

Belgium 30y: Priced

US TSY FUTURES

BLOCK, 2Y Sale

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Gilts have opened modestly higher......>

GILT SUMMARY
GILT SUMMARY: Gilts have opened modestly higher with yields in the region of 1bp
across the board, taking cue from mild recovery in US Treasuries after London
close on Friday. While news that Carillion has filed for liquidation is also
seen pushing up domestic political risks. 10-yr gilt yield is 1.3bp lower at
1.326%.
- Markets are likely to be pushed around by political events in both London And
Berlin and any syndication announcements today due to the lack of UK and
Eurozone data to drive markets. While the US cash markets are closed due to
Martin Luther King Jr holiday day.
- The liquidation of Carillion could impact politics in the UK due to its size
and operations of having many contracts in the public sector including NHS and
schools.
- Breakevens have opened wider with the 5-yr 0.7bp tighter despite crude oil
rising to a near 3-year high, as cable trades above $1.37.
- Looking further ahead Bank of England MOPC member Silvana Tenreyro will speak
in London on the fall in productivity at 1815GMT.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.