Free Trial

Gilts have opened on the soft side weighed....>

GILTS
GILTS: Gilts have opened on the soft side weighed by lower move in German Bunds,
with the yield curve slightly steeper as long-end comes under most pressure as
DMO look to launch new 2071 Gilt possibly as early as Tuesday. 10-yr Gilt yield
is 2.2bp higher at 1.469%.
- News over the weekend has been dominated on divisions within the UK cabinet on
what type of customs arrangement they want to have with the EU after Brexit.
Jeremy Hunt and Michael Gove showed differing views on the TV political shows.
Gove said 'significant question marks' sat over PM Theresa May's preferred
customs partnership plan. While the The PM may in the Sunday Times asked for
unity.
- There is a dearth of UK data today so attention to be on Europe (ECB
speakers/Italy politics), while U chief Brexit negotiator Michel Barnier is due
to speak later.
- Tomorrow will see main UK data release for this week with laest UK labour data
crossing the wires.

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.