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Long-End Rally Extends After BoE Operation Seen Positive

GILTS

Long-end Gilt yields continue to come down from session highs. The 30Y hit 5.093% earlier, entered today's long-dated operation just above 5%, falling to 4.94% by operation's close (which showed high takeup and zero rejected offers), and another 6bp to 4.836% as those results were digested, near the session lows.

  • At current levels, yields will have failed to pace the September post-mini Budget highs in 30Y yields (5.142%) for now.


Source: BBG

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