Trial now
USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

GILT SUMMARY
GILT SUMMARY: Government spokeswoman Alison Donnelly has stated that there is an
'absolute commitment' not to put checks on the Irish border and that PM
Johnson's team will present their Brexit proposals to Brussels in the coming
days.
- This morning's gilt auction (1.75% 2037 Gilt) was well subscribed, with a
bid-to-cover of 1.89.
- The manufacturing PMI for September surprised higher but remains in
contraction territory (48.3 vs 47.0 survey).
- The Dec-19 gilt future trades at 133.58, down 66 ticks from Monday's close and
28 ticks off the day's low; L-H: 133.3-134.15.
- Gilts have sold off with yields 4-7bps higher on the day. Cash yields (Last /
1d chg / L..H): 2Y (0.4008% / +3.7bp / 0.3969%...0.4136%); 5Y (0.3206% / +4.1bp
/ 0.3155%...0.3328%); 10Y (0.5494% / +6.6bp / 0.5439%...0.5615%); 30Y (1.04% /
+6.8bp / 1.0343%...1.0496%).
- The curve has bear steepened: 2s10s (14.2bp / 3.2bp / 11.3bp..14.5bp); 2s30s
(63.4bp / 3.2bp / 60.3bp..63.7bp).
MNI London Bureau | +44 0203-865-3808 | bruce.jeffery@marketnews.com