Free Trial

President of the European Council......>

GILT SUMMARY
GILT SUMMARY: President of the European Council Donald Tusk has rejected
proposals put forward by UK Prime Minister Boris Johnson to scrap the
contentious Irish backstop. European officials have criticised the lack of
proposed legal alternatives.
- The Sep-19 gilt future trades at 134.91, up 53 ticks from Monday's close and
trading near best levels; L-H: 134.52-134.95.
- Gilts have rallied with yields 2-4bps lower on the day. Cash yields (Last / 1d
chg / L..H): 2Y (0.4546% / -2.4bp / 0.4491%...0.4641%); 5Y (0.3503% / -2.7bp /
0.3469%...0.3657%); 10Y (0.4359% / -3.1bp / 0.4326%...0.4512%); 30Y (1.0102% /
-3.7bp / 1.0082%...1.0292%).
- The curve has bull flattened: 2s10s (-3.5bp / -0.2bp / -3.6bp..-1.8bp); 2s30s
(54bp / -0.8bp / 54bp..56.9bp).
- Short sterling futures have broadly rallied with reds outperforming: W
(broadly + 0.0/3.5 ticks higher); R (+ 4.0 tick); G (+ 3.0/4.0 ticks); B (+
2.5/3.5 ticks).

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.