Free Trial

Off Highs Post-PMIs

GILTS

Gilts tick back from best levels as the totality of the local flash PMI data is digested (firmer-than-expected headlines services and softer-than-expected manufacturing summing to a firmer than expected and expansionary composite print).

  • Gilt futures last show +25 or so at ~100.70, ~20 ticks shy of best levels.
  • Yesterday’s range boundaries remain intact in the contract.
  • Cash gilt yields now run 1-4bp lower on the day, with the early flattening bias intact.
  • SONIA futures are +1.0 to -1.5 vs. settlement, struggling move too far away from neutral thus far.
  • A quick reminder that the BoE will announce the APF sales schedule for Q124 at 16:30 today.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.