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Still Cheaper, Eyes On Mortgage-Related Swap Flows As Rate Cuts Announced By Large Lenders

GILTS

Little to really add to our mid-morning commentary, with gilt futures continuing to meander either side of 100.00, sticking within yesterday’s confines in the process, failing to challenge well-defined technical parameters flagged earlier.

  • Gilt yields are 0.5-4.0bp higher across the curve, with 10s under the most pressure on the day.
  • Most of the focus has centred on the aforementioned, well-received round of 20-year gilt supply, although recent headline flow has flagged a fresh round of mortgage rate cuts by some of the UK’s largest lenders.
  • The latter point will facilitate related swap flow in the background.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageBond Market NewsBank Of England (BOE) Market NewsBulletMarketsFixed Income Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageBond Market NewsBank Of England (BOE) Market NewsBulletMarketsFixed Income Bullets

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