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Moves post-BOE

GILTS
  • Decent swing in 2-year yields which had been up on the day after the dovish BOE statement. Around a 13bp immediate fall to a low of 1.3246% (now around 0.5bp above there), leaving it down 7.5bp on the day.
  • 10-year yields fell 10bp on the announcement to a low of 1.521%, we are now around 2.6bp above here at writing, and 8.0bp lower on the day.
  • So there was a steepening of the 2s10s curve of around 3bp in the immediate aftermath.
  • 2y yields down -7.5bp today at 1.325%
  • 5y yields down -7.6bp today at 1.324%
  • 10y yields down -8.0bp today at 1.548%
  • 30y yields down -5.9bp today at 1.741%
  • 2s10s down -0.5bp today at 22.3bp
  • 10s30s up 2.1bp today at 19.3bp

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