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Gilt Week Ahead: December hike looking increasingly less likely

  • Any definitive data on the Omicron variant of Covid-19 will continue to be market moving but it looks increasingly likely that we will not have enough data for the MPC to feel comfortable to raise rates in December. We analyze recent comments from Bailey, Mann and Saunders.
  • We look ahead to Broadbent's speech today as one of the swing voters on the MPC.
  • The other key event for the UK this week will be the release of October activity data on Friday with monthly GDP and its components all due to be released.
  • See the full document for gilt supply previews for the week ahead, QE tracker and BOE purchase analysis, cash flow matrix and issuance calendar.
Full document:

GiltWeekAhead06122021.pdf

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