MNI BRIEF: Italy To Grow 0.8% In '25, 0.9% '26 -Budget Office

MNI China Daily Summary: Wednesday, February 5

MNI: UK FINAL JAN SRVCS PMI 50.8 (FLASH: 51.2); DEC 51.1

MNI BRIEF: China Spring Festival Trips Up 5.9% Y/Y

MNI: PBOC Net Drains CNY716.5 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1693 Weds; -1.18% Y/Y

MNI: US MBA: MARKET COMPOSITE +2.2% SA THRU JAN 31 WK

MNI: EUROZONE DEC PPI +0.4% M/M, +0% Y/Y

MNI: EUROZONE JAN FINAL SRVCS PMI 51.3 (FLASH: 51.4); DEC 51.6

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

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

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

GILTS: Under Pressure Alongside Peers

GILTS
CEEMEABulletUKMarketsFixed Income Bullets

A sell off in wider core global FI markets weighs on gilts.

  • Futures as low as 91.81.
  • Bearish trend in the contract remains intact, next support seen at the Dec 19 low/bear trigger (91.64).
  • Yields 2-3bp higher, curve steepens.
  • 2s10s last 17.8bp, ~2bp off last week’s multi-month high.
  • 5s30s ~77.1bp, 3-4bp below December’s multi-month high.
  • SONIA futures under fresh pressure as gilts sell off, last flat to -4.0.
  • SFIZ5 11.5 off its December low.
  • BoE-dated OIS prices 55.5bp of cuts through year-end vs. 56-57bp early today.
  • The BoE will sell GBP725mln of medium-term gilts from its APF this afternoon.
  • Calendar ’25 DMO issuance gets underway tomorrow, via GBP2.25bln of 4.375% July 54 gilts.
103 words

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.

A sell off in wider core global FI markets weighs on gilts.

  • Futures as low as 91.81.
  • Bearish trend in the contract remains intact, next support seen at the Dec 19 low/bear trigger (91.64).
  • Yields 2-3bp higher, curve steepens.
  • 2s10s last 17.8bp, ~2bp off last week’s multi-month high.
  • 5s30s ~77.1bp, 3-4bp below December’s multi-month high.
  • SONIA futures under fresh pressure as gilts sell off, last flat to -4.0.
  • SFIZ5 11.5 off its December low.
  • BoE-dated OIS prices 55.5bp of cuts through year-end vs. 56-57bp early today.
  • The BoE will sell GBP725mln of medium-term gilts from its APF this afternoon.
  • Calendar ’25 DMO issuance gets underway tomorrow, via GBP2.25bln of 4.375% July 54 gilts.