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BONDS: Limited Dovish Reaction To Taylor Headlines

BONDS

Limited dovish reaction in Gilt futures on the back of BOE Taylor’s comments, which has seemingly spilt into EGBs.

  • Gilt and Bund futures each ~10 ticks higher following the headlines, with Bunds now +27 at 131.78 and Gilts +47 at 91.89.
  • The headlines suggest Taylor is largely echoing comments from his speech on Wednesday, so there isn’t much new information at first glance. We will provide further analysis in due course.
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Limited dovish reaction in Gilt futures on the back of BOE Taylor’s comments, which has seemingly spilt into EGBs.

  • Gilt and Bund futures each ~10 ticks higher following the headlines, with Bunds now +27 at 131.78 and Gilts +47 at 91.89.
  • The headlines suggest Taylor is largely echoing comments from his speech on Wednesday, so there isn’t much new information at first glance. We will provide further analysis in due course.