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Outperforming Global Peers

GILTS

Gilts outperform core global peers across the curve, with UK headline flow muted thus far.

  • Issuance headwinds for EGBs/IG$ deals for U.S. Tsys have been noted in wider FI, with gilts only needing to contend with GBP750mn of medium-term sales from the BoE’s APF.
  • Futures last +22 at 98.54 (98.19-59 range). Friday’s high has been broken, with the Mar 14 high (99.35) providing the first technical resistance point of note.
  • Cash gilt yields are 2-4bp lower across the curve, bull steepening.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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