Free Trial

The European morning session has.......>

GILT SUMMARY
GILT SUMMARY: The European morning session has seen gilts largely unchanged as
Boris Johnson has been confirmed as prime minister (as had been seen an almost
certainty in betting markets).
- He is about to begin his inaugural speech.
- The only data release of the day for the UK has been the CBI industrial trends
survey which saw order books and export orders fall sharply in July.
- This afternoon the BoE will come back to the market to continue its QE
reinvestment programme, buying the long-end today. The 10s30s spread is barely
changed, down just 0.4bps on the day. The BoE will buy medium-dated gilts
tomorrow.
- Gilt futures are up 0.11 today at 131.88.
- 2y yields down -0.5bp today at 0.482%
- 5y yields down -0.5bp today at 0.480%
- 10y yields down -0.6bp today at 0.700%
- 30y yields down -0.9bp today at 1.317%

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.