Free Trial

It has been a busy day for gilts.......>

GILT SUMMARY
GILT SUMMARY: It has been a busy day for gilts with gilt futures hitting their
highest level since early April - levels reached in the run-up and subsequent
aftermath of the original March Brexit exit date. The trigger for these moves
was largely global risk off sentiment with equities selling off, but gilts
recovered some of their losses in the afternoon.
- It has been confirmed today that talks between the government and Labour have
failed while indicative Brexit votes are expected to be held next week ahead.
The first week of June has been set as the date for voting on May's deal and it
is becoming increasingly clear that May will not stay on as leader for long past
the vote whatever the outcome.
- Gilt futures are up 0.33 today at 128.94.
- 2y yields down -1.9bp today at 0.691%
- 5y yields down -2.8bp today at 0.793%
- 10y yields down -3.5bp today at 1.038%
- 30y yields down -2.8bp today at 1.591%
- 2s10s down -1.6bp today at 34.7bp. 10s30s up 0.7bp today at 55.3bp.

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.