Free Trial

Gilts rallied throughout Wednesday.....>

GILT SUMMARY
GILT SUMMARY: Gilts rallied throughout Wednesday on fairly minimal UK-specific
news/data flow, largely mirroring a bullish move for global bonds as markets
await the US Fed's rate decision and communication later.
- The Dec 18 Gilt future has come back from 7-month lows set Tuesday and is up
30 ticks at 120.76, having traded in a range of 120.45-120.82 today.
- The 10-Yr Gilt has outperformed amid a bull flattening of the cash curve, with
the 2-Yr yield down 1.8bps at 0.818%, 5-Yr down 2.5bps at 1.181%, 10-Yr down
3.5bps at 1.597%, and 30-Yr down 3.2bps at 1.952%.
- Short Sterling futures were also stronger, with Mar22-Sep22 Blue contracts up
4 ticks. 
- Fairly quiet on the data front today. Thursday there is no key data, however
BOE speak picks up, with Haldane and Carney up.

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.