Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
GILT SUMMARY: Gilts look to close Friday steady to higher but close to session
lows as markets react to Michel Barnier comments following latest round of
Brexit talks. Curve is flatter as long-end outperforms the short-end.
- 2-yr Gilt yield is -0.3bp at 0.748%, 5-yr -1bp at 1.097%, 10-yr -2.2bp at
1.388%, 30-yr -2.2bp at 1.851% & 50-yr -1.5bp at 1.683% according to Tradeweb.
- There was some good and some bad news from EU's chief Brexit negotiator Michel
Barnier, first the good. Barnier said progress had been made and thinks some
problems can be resolved before end of June and are ready to step up
- The bad though was pretty awful with the Irish border issue and how to enforce
the withdrawal treaty the 2 major issues. While the UK's "backstop" was not
rejected as a whole but a lot of work was needed and large differences remained.
- Short sterling strip has not materially changed throughout the day, holding
onto its earlier move higher/flatter. Green and blue contracts are 3 to 4 ticks
higher while white contracts are 1 to 2 ticks higher.
- 2-yr swap spreads are 2.2bp tighter while breakevens are touch wider.