MNI: Fed: Policy Well Positioned To Respond To Risks

CANADA JUNE JOBS -1.4K VS FORECAST +20K, PRIOR +26.7K

MNI China Daily Summary: Friday, July 5

MNI BRIEF: PBOC Plans To Borrow Hundred Bln Yuan CGB - Press

MNI: PBOC Net Drains CNY48 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1289 Fri; -0.35% Y/Y

MNI: BAKER HUGHES US RIG COUNT 585; OIL RIGS 479; GAS RIGS 101

EZ/UK T-Bill Calendar: Germany, France to Issue Bills Monday

EZ/UK Bond Supply Calendar: EU/UK Syndications Due Next Week

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Holding Rally, 5+-Year Zone Lagging EGBs

GILTS
Bank Of England (BOE) Market NewsHomepageBond Market NewsBulletMarketsFixed Income Bullets

Gilts have looked to wider macro drivers (European inflation data and slightly lower energy commodity prices) on Monday.

  • Futures trade as high as 96.53 on the day but are still some way shy of key resistance areas flagged earlier, leaving the well-defined bearish technical backdrop in play.
  • Cash gilt yields are 3.0-4.5bp lower, with the front end outperforming on the session.
  • The medium-term gilt sale from the BoE’s APF was easily absorbed.
  • GBP STIR movements are detailed in our recent STIR bullet.
  • Lower tier UK survey, credit and money supply data are due tomorrow, along with the GBP4.0bn launch of the new 5-year 4.125% Jul-29 gilt.
106 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.

Gilts have looked to wider macro drivers (European inflation data and slightly lower energy commodity prices) on Monday.

  • Futures trade as high as 96.53 on the day but are still some way shy of key resistance areas flagged earlier, leaving the well-defined bearish technical backdrop in play.
  • Cash gilt yields are 3.0-4.5bp lower, with the front end outperforming on the session.
  • The medium-term gilt sale from the BoE’s APF was easily absorbed.
  • GBP STIR movements are detailed in our recent STIR bullet.
  • Lower tier UK survey, credit and money supply data are due tomorrow, along with the GBP4.0bn launch of the new 5-year 4.125% Jul-29 gilt.