Free Trial

There remains a marked difference in...>

GILT SUMMARY
GILT SUMMARY: There remains a marked difference in the Brexit narrative between
Westminster and Brussels, which has similarly been reflected in the media over
the weekend. 'No deal' is still not entertained in the UK as a likely outcome,
while in Europe it appears more like a base case scenario.
- UK government spokesman James Slack indicated this morning that a snap
election or second referendum is not in the national interest (not a firm
rebuttal) and that PM May will push some form of her Withdrawal Agreement again
if there is likelihood of it passing in the HoC. 
- Gilts initially opened weaker this morning, but subsequently regained lost
ground with yields returning towards Friday's close. Current yield levels:
2-year 0.629%, 5-year 0.751%, 10-year 1.003%, 30-year 1.558%.
- The Jun 19 gilt future trades at 129.29 near the top of the day's range.
- Short sterling futures are broadly 0.5-1.0 ticks lower.

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.