Free Trial

UK Mini-Budget Rumor Boosts Bonds and Stocks

US TSYS
BBC noted rumors officials were working on a u-turn (or partial deletion) of UK mini-budget saw Tsy futures gap to new highs last few minutes, scaling back appr half the move as Downing Street officials quickly deny the rumors: "the position has not changed".
  • Tsy 30YY drops to 3.8428% low currently 3.8527% (-.0218), yield curves flatter (2s10s -2.804 at -42.503). Stocks like the rumor, still holding near highs: SPX eminis +35.50at 3624.0

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.