Free Trial

MARGINAL CURVE FLATTENING

GILT SUMMARY
Gilts have drifted higher through the day with yields hovering above yesterday's
closing levels at the short end and below at the longer end and overall close
to flat on the day.
  • Last yields: 2-year -0.1063%, 5-year -0.1308%, 10-year 0.1010%, 30-year
    0.6122%.
  • The Sep-20 gilt future has traded up to 138.45, just one tick of the day's
    high.
  • The DMO earlier sold GBP2.75bn of the 1.25% Jul-27 Gilt and
    GBP1.5bn of the 1.625% Oct-54 Gilt. A further GBP687.499mn
    and GBP374.999mn, respectively, of each issue was sold via the PAOF.
  • Having placed Spain on the quarantine risk for returning travelers,
    British PM Boris Johnson today stated that Europe shows signs of a
    second wave in the coronavirus pandemic.
  • Tomorrow will see the release of money supply, consumer credit and
    mortgage approvals data for June.

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.