Free Trial

PM Theresa May and Labour Leader.......>

GILT SUMMARY
GILT SUMMARY: PM Theresa May and Labour Leader Jeremy Corbyn have resumed
discussions over breaking the Brexit deadlock. 
- Government spokesman James Slack has stated that votes on Brexit options after
the EU summit have not been ruled out.
- Further exacerbating the split in cabinet, Chancellor of the Exchequer Philip
Hammond has indicated that it would be reasonable for parliament to vote on
holding a second referendum. 
- Gilts opened stronger this morning, but have subsequently traded sideways.
Yields are 1-3bp lower on the day. Current yield levels: 2-year 0.679%, 5-year
0.817%, 10-year 1.072%, 30-year 1.606%. 
- The Jun-19 gilt future trades at 128.47 and near the highs of the day.
- Short sterling futures are broadly flat/0.5 ticks lower in whites/reds/greens.
- Next up on the data calendar will be the Halifax House Price series for March,
which will be published tomorrow. 

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.