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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.
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Free AccessUnderperforming - but no clear driver
- Gilts and most of the SONIA strip are sorter this morning, with gilts underperforming both the German and UST curves this morning despite the weaker-than-expected UK retail sales (note that the very front-end of the SONIA curve is showing more cuts following this morning's data, but from mid-2025 onwards there are higher rates).
- There doesn't really appear to be any obvious reason why gilts are underperforming the broader market this morning but 10-year yields are now 1.5bp higher on the day (versus 0.4bp higher for Bunds and 0.2bp lower for USTs).
- There's not much on the domestic agenda today scheduled.
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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.