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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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Free AccessOff Lows Alongside Peers, Still Comfortably Lower On Day
Gilts follow global peers further away from session lows following the U.S. PPI data, but futures don’t get anywhere near paring their opening gap lower and yields are still 1.5-4.0bp higher on the day.
- Long end gilt spreads are wider on the day, but 2s and 5s are mixed vs. peers.
- SONIA futures are down 0.5-5.0, while BoE-dated OIS shows 11.5bp of cuts through August and ~47.5bp of easing through year end, little changed vs. pre-U.S. PPI levels.
- U.S. UoM sentiment data is eyed before the weekend, but Wednesday’s UK CPI reading will likely be far more consequential for gilts.
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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.