Free Trial

Soft Domestic PMIs Allows Rally To Extend

GILTS

Gilts dragged higher again as the UK flash PMIs see a much softer than expected & sub-50 contractionary services PMI, while the manufacturing PMI recorded a faster than expected rate of contraction.

  • Futures last +145 tickets. Initial firm resistance at 93.05 is comfortably breached, with the 20-day EMA (93.60) capping the rally for now.
  • Cash benchmarks run 5.0-7.5bp richer, with the 5- to 10-Year zone leading.
  • SONIA futures sit 0.25-18.0bp richer through the blues, with the mid-reds to greens outperforming.
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.