Free Trial

Volatility around auction result

GILTS
  • Gilt futures were at their highs of the day at 128.26 ahead of the auction result of the 1.625% Oct-54.
  • The auction saw a decent bid-to-cover but a wide tail of 1.1bps.
  • This caused an immediate spike lower to 127.92 (34 ticks lower).
  • However, we are now trading back where we were 20 minutes ago at 128.10.

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.