Free Trial

Weak Start

GILTS

Gilts have started the session on a weak footing and have mirrored the UST bear steepening theme in early European trading. Cash yields are 1-2bp higher with the curve marginally steeper ahead of the preliminary June PMI prints, which will be published at 0930GMT.

  • Short sterling futures are broadly 0.5 ticks higher in whites and 0.5-1.0 ticks lower in reds/greens/blues.
  • EZ PMI data has been mixed so far with German data beating expectations and the French updates weaker than expected, although both still indicate a strong pace of expansion.

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.