Free Trial

​Lacking Direction

GILT SUMMARY

Gilts lacked direction through the session alongside sideways trading in equities.

  • The curve is flat overall with cash yields within 1bp of yesterday's close. Last yields: 2-year -0.1324%, 5-year -0.0451%, 10-year 0.2903%, 30-year 0.8734%.
  • The Mar 21 gilt future trades at 134.39, near the middle of the day's range and 4 ticks above yesterday's close.
  • Short sterling futures now trade broadly flat on the day across whites/reds/greens/blues.
  • There were no UK economic data releases today, with market attention focused on the US NFP number, which sharply disappointed.
  • London Mayor Sadiq Khan today announced a Covid emergency in the city as hospitals are facing a surge in patients.

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.