Free Trial

GILTS: No Meaningful Reaction As Greene Reaffirms Hawkish Leaning

GILTS

No tangible reaction in gilts and SONIA as BoE MPC member Greene reaffirms her hawkish leanings.

  • Her latest FT column concluded with “given these risks, I believe a cautious, gradual approach to monetary easing is appropriate.”
  • Gilts just off session lows, futures -59 at 97.35, still within Friday’s range.
  • Yields 3-7bp higher, curve still steepening.
  • BoE-dated OIS little changed to 3bp less dovish on the day, showing 24bp of cuts for November, 42bp of cuts through year-end and 114.5bp of cuts through June.
  • SONIA futures flat to -5.0.

BoE Meeting

Keep reading...Show less
93 words

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.

No tangible reaction in gilts and SONIA as BoE MPC member Greene reaffirms her hawkish leanings.

  • Her latest FT column concluded with “given these risks, I believe a cautious, gradual approach to monetary easing is appropriate.”
  • Gilts just off session lows, futures -59 at 97.35, still within Friday’s range.
  • Yields 3-7bp higher, curve still steepening.
  • BoE-dated OIS little changed to 3bp less dovish on the day, showing 24bp of cuts for November, 42bp of cuts through year-end and 114.5bp of cuts through June.
  • SONIA futures flat to -5.0.

BoE Meeting

Keep reading...Show less