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Policy
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
G10 Markets
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Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
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Real-time insight of emerging markets in CEMEA, Asia and LatAm region
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Commodities
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Real-time insight of oil & gas markets
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Credit
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Real time insight of credit markets
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Data
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MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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About Us
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI China Daily Summary: Tuesday, February 20
MNI BRIEF: LPR Cut Benefits Consumption - Financial News
MNI China Press Digest Feb 20: CSRC, Land Reform, Car Exports
Gilts looking to close mixed with......>
GILT SUMMARY: Gilts looking to close mixed with the yield curve pivoting around
the 7-yr area with the short-end underperforming compared to the long-end,
following UK employment and US inflation data.
- 2-yr Gilt yield is +0.8bp at 0.479%, 5-yr +0.8bp at 0.736%, 10-yr -0.8bp at
1.215% and 30-yr -1.2bp at 1.786% according to Tradeweb.
- Gilts squeezed higher at the open likely support by return of UK political
risk as Tory rebels look to defeat government on EU Withdrawal Bill amendment.
Markets turnaround however, led by sell-off in German Bunds and then dropped
lower possibly on risk of higher Gilt issuance following large drop in
employment. While short end was likely weighed by rise in average weekly
earnings to 2.5%.
- Into the afternoon, Gilts traded sideways until surprise fall in US Core
inflation which lead to the 7-yr and above part of the yield curve recovering
losses, however the short-end remained weighed.
- There was a sharp sell-off in IL Gilts affected by 2036 IL Gilt auction and US
CPI Data, with 10Y breakevens tighter by 3.4bps. Swap spreads are little changed
To read the full story
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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.