NORGES: RATES PROBABLY AT CURRENT LEVEL QUITE SOME TIME

RATES MAY NEED TO BE ON HOLD LONGER THAN ENVISIONED: NORGES

MNI: NORGES BANK LEAVES RATES UNCHANGED AT 4.50%

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

MNI: BAKER HUGHES US RIG COUNT 605; OIL RIGS 499; GAS RIGS 102

BoE Data Watch

RBA Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Long End Continues To Lead Friday's Recovery

GILTS
Bank Of England (BOE) Market NewsHomepageBond Market NewsBulletMarketsFixed Income Bullets

Gilts rally alongside global peers in the wake of the U.S. data.

  • Futures breach yesterday’s high as they peak at 96.33, which will give bulls some limited reprieve.
  • Still, the overarching bearish technical picture is intact, with initial resistance levels some way off.
  • The long end continues to outperform on the day, with the curve flattening as yields fall by 2-7bp.
  • Both 2s10s and 5s30s stick to the ranges seen in recent weeks.
  • Greater detail re: BoE pricing can be seen in the previous bullet, with recent ranges remaining intact there after modest dovish moves kicked in post-U.S. data.
99 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.

Gilts rally alongside global peers in the wake of the U.S. data.

  • Futures breach yesterday’s high as they peak at 96.33, which will give bulls some limited reprieve.
  • Still, the overarching bearish technical picture is intact, with initial resistance levels some way off.
  • The long end continues to outperform on the day, with the curve flattening as yields fall by 2-7bp.
  • Both 2s10s and 5s30s stick to the ranges seen in recent weeks.
  • Greater detail re: BoE pricing can be seen in the previous bullet, with recent ranges remaining intact there after modest dovish moves kicked in post-U.S. data.