Free Trial

Gilts made gains early in the..........>

GILT SUMMARY
GILT SUMMARY: Gilts made gains early in the European session with risk-off
sentiment rising, but have steadily lost ground since 1100GMT and are now
trading down for day. 
- Today's Cabinet meeting saw the idea of a Parliamentary vote on Brexit options
squashed, as preparations for a No-Deal scenario officially began. 
- The Mar 19 Gilt future is down 26 ticks at 123.09, having traded in a range of
123.04-123.72 today. 
- The short end and mid sections of the cash curve saw under performance today,
maturities above 10-Yr much less active. 
- The 2s10s spread ended the day how it began, compared with a 1.1bps flattening
in the 2s30s. 
- The 2-Yr yield is up 2.9bps at 0.766%, 5-Yr is up 2.8bps at 0.922%, 10-Yr is
up 2.9bps at 1.295%, and 30-Yr is up 1.6bps at 1.816%.
- Inflation data is released tomorrow at 0930GMT with the BoE rate decision due
Wednesday.

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.