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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
Gilts are underperforming Bunds this morning, with gilt futures down a little on the day while Bund futures move a bit higher.
- 7+ gilt yields now sit around 20bp lower than the post-MPC peak seen on Thursday with differences at the front-end closer to 10bp.
- Today will see MPC member Catherine Mann join a webinar hosted by MNI. There is a link to register to join here. Recall that Mann was one of three members to vote in favour of a 50bp hike last week and any comments she makes about the change in forward guidance will be of particular interest to markets.
- This week will also see the release of May inflation data (Wednesday at 7:00BST). We will also receive June data ahead of the August MPC meeting, but even so there will be huge attention to the data release this week.
- 2y yields up 4.3bp today at 2.230%, 5y yields up 3.7bp at 2.236%, 10y yields up 2.9bp at 2.525% and 30y yields up 3.5bp at 2.700%.
- 2s10s down -1.3bp today at 29.6bp and 10s30s up 0.6bp at 17.5bp.
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.
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