Free Trial
US TSY FUTURES

BLOCK, 5Y Buy

ARGENTINA

May Trade Surplus Narrower Than Estimates

EURJPY TECHS

Attention Is On The Bull Trigger

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

Led by Treasuries again

GILTS
  • Gilts are again moving in line with Treasuries and have decoupled from moves seen across EGBs this morning following the news that the ECB is holding an ad hoc meeting today.
  • The curve has bull steepened with more hike probabilities being priced out of the front-end this morning.
  • There is little on the domestic front (other than some political noise surrounding the NI protocol) until tomorrow's MPC announcement. Instead, gilts will likely take their cue from whatever (if anything) the ECB announces today and look ahead to the Fed's policy decision and dot plot.
  • In case you missed it, our preview of tomorrow's meeting is available here.
  • 2y yields down -8.2bp today at 2.014%, 5y yields down -8.2bp at 2.141%, 10y yields down -7.4bp at 2.511% and 30y yields down -6.2bp at 2.662%.
  • 2s10s up 0.8bp today at 49.7bp and 10s30s up 1.2bp at 15.1bp.
140 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.
  • Gilts are again moving in line with Treasuries and have decoupled from moves seen across EGBs this morning following the news that the ECB is holding an ad hoc meeting today.
  • The curve has bull steepened with more hike probabilities being priced out of the front-end this morning.
  • There is little on the domestic front (other than some political noise surrounding the NI protocol) until tomorrow's MPC announcement. Instead, gilts will likely take their cue from whatever (if anything) the ECB announces today and look ahead to the Fed's policy decision and dot plot.
  • In case you missed it, our preview of tomorrow's meeting is available here.
  • 2y yields down -8.2bp today at 2.014%, 5y yields down -8.2bp at 2.141%, 10y yields down -7.4bp at 2.511% and 30y yields down -6.2bp at 2.662%.
  • 2s10s up 0.8bp today at 49.7bp and 10s30s up 1.2bp at 15.1bp.