October 31, 2024 10:25 GMT
GILTS: /SWAPS: Long End Swap Spreads Indicate Worry Surrounding Increased Supply
GILTS
Long end swap spreads tighten by 1.0-1.5bp on the day, providing another sign of post-Budget concern surrounding increased long-dated supply.
- 10-Year swap spreads to fresh cycle lows, while 30s test their own cycle lows.
- No meaningful widening after solid demand at today’s long end green gilt auction.
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