Free Trial

Gilts Underperforming EGBs In Early Trade

GILTS

Gilts have started the session on a weak footing, extending this week's losses stemming from news of Pfizer's vaccine. A marginal shift in expectations with respect to a UK-EU trade deal is further underpinning the sell-off.

  • Cash yields are 1-3bp higher in early trade with the curve 2bp steeper. The longer end, in particular, is underperforming EGBs.
  • The 30-year gilt yield has now touched 1% for the first time since March.
  • The Dec-20 gilt future has pushed through support at 133.79 with our TA highlighting 133.55 as the next key level to watch

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.