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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.
BONDS
Gilts are the underperformer in core FI today - some citing strong UK wage data this morning, followed by BoE Bailey's comments on potential second-round inflation effects.
- The UK / US 10Y yield differential in the US's favour is down to around 18bp (was 65bp prior to Fed Chair Powell's end-Nov speech), with Tsys maintaining their post-CPI intraday drop, and Gilts reversing their post-data drop.
- Mar23 Gilt futures remain under pressure, printing the lowest levels since Nov 22 (104.42). Key short-term support lies at 103.54, the Nov 21 low.
Source: BBG, MNI
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.
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