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

Key Levels Near

GILTS
HomepageBond Market NewsBulletMarketsFixed Income Bullets

Weakness in gilts slows with futures basing just above cycle lows and 10-Year yields just off cycle highs.

  • U.S. data and technical breaks in Bunds have helped keep the pressure on, even as RTRS headlines point to an imminent Israeli offensive in Rafah.
  • Delta hedging surrounding the earlier pricing of the syndicated tap of the Jul-54 line would have factored into the move lower, even with robust demand metrics.
  • The bearish technical backdrop remains intact, with the previously covered ’24 extremes providing the initial focal points.
  • 5s continue to provide the weakest point on the curve, with benchmark gilt yields now 7.0-8.5bp higher.
  • 20+-Year benchmark yields have hit fresh ’24 highs.
111 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.

Weakness in gilts slows with futures basing just above cycle lows and 10-Year yields just off cycle highs.

  • U.S. data and technical breaks in Bunds have helped keep the pressure on, even as RTRS headlines point to an imminent Israeli offensive in Rafah.
  • Delta hedging surrounding the earlier pricing of the syndicated tap of the Jul-54 line would have factored into the move lower, even with robust demand metrics.
  • The bearish technical backdrop remains intact, with the previously covered ’24 extremes providing the initial focal points.
  • 5s continue to provide the weakest point on the curve, with benchmark gilt yields now 7.0-8.5bp higher.
  • 20+-Year benchmark yields have hit fresh ’24 highs.