Free Trial

MNI Gilt Week Ahead: Still digesting last week's data

  • Last week saw six MPC members make appearances with Governor Bailey, Ramsden, Haskel, Saunders, Pill and Cunliffe all speaking (although the latter not mentioning monetary policy).
  • Pill’s comments were more notable in our view, he seemed to imply that for him the bar to a 50bp hike is high and that with the uncertainty there is currently that he would prefer moving gradually. To us his comments seemed consistent with 25bp hikes in June and probably August, before reassessing to see if more would be needed.
  • The week ahead’s data calendar will be much quieter with the flash PMI data the highlight tomorrow, with public finance data also due. The only speakers due this week are Governor Bailey as a panellist at the Austrian National Bank’s “Return of Inflation” event and Tenreyro.
Full document including full comments on all of the above as well as auction previews for the week ahead:

GiltWeekAhead20220523.pdf

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.