Free Trial
RBA

Not Much New From Bullock In Q&A

CNH

CNY Fixing Again On The Strong Side

FOREX

Greenback Shows Some Weakness Pre-CPI

BOJ

Fixed Rate Operation Offer

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Huge tail sees 10s30s steepen

GILTS
  • There is a steepening of the 10s30s curve after those poor auction results.
  • The last time we saw a gilt auction with a wider tail than today's 4.0bp was 15 November 2018 - when we saw a 5.1bp tail on a 20-year gilt auction.
  • The 0.50% Oct-61 gilt is now through its low of the day, trading at 37.215 at writing and below the low price of the auction (37.441). (see chart below).

71 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • There is a steepening of the 10s30s curve after those poor auction results.
  • The last time we saw a gilt auction with a wider tail than today's 4.0bp was 15 November 2018 - when we saw a 5.1bp tail on a 20-year gilt auction.
  • The 0.50% Oct-61 gilt is now through its low of the day, trading at 37.215 at writing and below the low price of the auction (37.441). (see chart below).