Free Trial

This will be a key week for PM.........>

GILT SUMMARY
GILT SUMMARY: This will be a key week for PM Theresa May with a planned
televised debate with opposition leader Jeremy Corbyn due to take place this
Sunday. Parliament's 'meaningful vote' on the withdrawal deal will then take
place the following week on December 11.
- Gilts have started the week on a stronger footing with yields pushing steadily
lower throughout the morning session, with the curve flattening. The benchmark
2-year yield has pushed down to 0.750% from a high of 0.782% and the 10-year is
down to 1.347% from 1.384%.
- Inflation breakevens have inched higher with the 5-year benchmark trading up
to 3.162% from 3.123%.
- Short sterling futures are 0.5 ticks higher in whites and flat/0.5 ticks lower
in greens/blues
- The UK Markit manufacturing PMI for November beat expectations at 53.1 vs 51.7
survey. However, the number was supported by restocking, with export orders
continuing to fall.

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.