Free Trial

Richening Impetus Unwound

BONDS

Core global FI markets fade aggressively from around richest levels, with a lack of official/more substantial backing of the previously outlined sources piece from the relatively unknown Messenger outlet (which suggested that 2the U.S. government is preparing evacuation plans for American citizens living in Taiwan”). Cash Tsys now run 1-4bp cheaper across the curve, bear steepening, while Gilts are 7-9bp cheaper ahead of comments from BoE arch-hawk Mann and Bunds twist steepen. We haven’t seen any fresh news flow to trigger the move, with oil lower and U.S equity futures shy of best levels. 2-Year Gilt yields are now through previous YtD highs.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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.