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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.
- The beginning of the week for gilts will be dictated largely by external events. There are no MPC speakers in the first half of the week and with Covid-19 case numbers seeming to stabilise somewhat over the past few days, the government seems committed to “Plan B” with no further restrictions seeming likely in the near future. Indeed, if there are any changes to restrictions it seems as though it might be that the UK moves in line with the US in shortening the isolation period following a positive test from 7 days to 5 days. In terms of external events, news on Omicron affecting supply chains and US CPI (Wednesday) are likely to be among the most market moving events.
- Turning back domestically, the only scheduled MPC appearances due this week are from Cunliffe on Wednesday where he is due to have a fireside chat on “CBDCs, stablecoins and privacy”. Mann then speaks on Thursday on whether Europe’s economies are converging or diverging. There are Q&As associated with this event so she could potentially be asked about UK monpol.
- Friday will then see the main UK data release of the week with November monthly GDP and its components due for release.
- See the full document for gilt supply previews for the week ahead, QE tracker and BOE purchase analysis, cash flow matrix and issuance calendar.
For the full report see:
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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