Free Trial

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.
45 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.

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.