Free Trial

GIVING UP THE MORNING GAINS

GILT SUMMARY

Having been on the front foot for most of the day, gilts sold off from early in the afternoon.

- The Sep-20 gilt future has traded down to 138.41, 3 ticks off the day's low.

- Cash yields are now 1-2bp higher on the day with the curve trading flat. Last yield levels: 2-year -0.0747%, 5-year -0.1241%, 10-year 0.1042%, 30-year 0.6213%.

-The DMO earlier sold GBP3.5bn of 1-/3-/6-month bills

- Focus next week will be on the BoE MPC decision on Wednesday, which comes on the heels of the ECB and Fed meetings which yielded no change to the monetary stance.

- The data slate will be relatively low key next week with the main releases being final PMI estimates for July.

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.