Free Trial

Gilts have traded largely without......>

GILT SUMMARY
GILT SUMMARY: Gilts have traded largely without direction Tuesday after opening
sharply lower, but look set to finish weaker on the day overall.
- The Dec 18 future was flat on the day as of 1515BST (day's range of
119.68-119.99), but is now down 11 ticks at 119.85.
- The curve is largely flat, with 2-Yr yield is up 2.2bps at 0.903%, 5-Yr is up
2.5bps at 1.269%, 10-Yr is up 2.8bps at 1.702%, and 30-Yr is up 5.2bps at 2.05%.
- Short Sterling fairly flat on the day, with the Dec21 contract weakest, off 2
ticks (Dec19 through Jun22 off 1.0 tick).
- DMO saw an order book of Stg28.3bln for the 2071 Gilt sale Tuesday; issued
total of Stg5.25bln at 1.25bps below reference 2068 Gilt, and bringing total
outstanding to Stg11.25bln.
- BOE's Broadbent speaking at time of writing; Gov Carney speaks at Mansion
House at 2000BST behind closed doors, and Haldane is up tomorrow.
- On the data front, MNI's data team write that the UK's August GDP data (due
out Weds) is likely to be "humbled after July's strength."

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.