Free Trial

It has been a relatively quiet.........>

GILT SUMMARY: It has been a relatively quiet session for gilts, with attention
focused largely on political developments in Italy and Spain, as well as US
payrolls. There has been moderate steepening of the curve, driven by the very
long end.
- Yields have fallen across the board since midday but remain a touch above the
- 2-yr Gilt yield is +3.3bp at 0.643%, 5-yr +4.5bp at 0.994%, 10-yr +5.5bp at
1.285%, 30-yr +5.4bp at 1.752% & 50-yr +6.0bp at 1.563%.
- Trade tensions continue to escalate on the back of a fresh wave of
protectionist US policies, but so far sentiment has been buoyed by a dilution in
European political risk and robust US payrolls.
- Mirroring Eurodollars, the short sterling strip is steeper, with Blues down 7
ticks and Whites down 1-4.  

To read the full story

Why Subscribe to


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.