CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Trading Weaker

GILT SUMMARY

While short-end gilts have gradually traded lower through the day, the longer end has lacked direction.

  • Cash yields up broadly 1-2bp higher on the day with the curve marginally steeper. Last yields: 2-year -0.1281%, 5-year -0.0388%, 10-year 0.2943%, 30-year 0.8619%.
  • The Mar-21 gilt future trades at 134.33, near the middle of the day's range (L: 134.20 / H: 134.43) and 2 ticks off yesterday's close.
  • Short sterling futures are broadly flat in whites and 0.5-1.0 ticks lower in reds/greens/blues.
  • The BoE purchased GBP1.48bn of long-dated gilts with offer-to-cover of 2.34x.
  • The DMO placed GBP6.5bn of the new 0.875% Jan-46 Gilt via syndication. The DMO also announced that GBP2.50bn of the 0.625% Jul-35 Gilt and GBP1.75bn of the 0.625% Oct-50 gilt will be sold on Jan 26.
Homepagemarkets-real-timeBulletMarketsFixed Income Bullets

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.