Free Trial

Rising risk aversion has help send.....>

GILT SUMMARY
GILT SUMMARY: Rising risk aversion has help send Gilts higher early Tuesday.
- The Dec 18 Gilt future is up 17 ticks at 123.22, having traded in a range of
122.87-123.22 today.
- The 2-Yr yield is down 1.7bps at 0.681%, 5-Yr is down 1.7bps at 0.897%, 10-Yr
is down 1.6bps at 1.362%, and 30-Yr is down 0.5bps at 1.941%.
- Short Sterling is stronger across the strip, Greens/Blues up 1-2 ticks.
- Gilts are gaining against a sea of red in equities, with the FTSE again below
the 7,000 levels and European banks weakening sharply. Italy yield spreads
widening, adding to risk aversion.
- BoE`s Carney, Haldane, Cunliffe and Saunders are testifying before the
Treasury Select Committee this morning and our BoE Insight piece yesterday
suggested it would be unlikely Brexit analysis scenarios would be discussed.
- Thin on data early this week; CBI Nov Industrial Trends Survey at 1100GMT.

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.