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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.
GILTS
Gilts have been reversing some of their post-Bailey rally but 10-year yields still remain around 8bp off yesterday's highs with 2-year yields around 10bp off yesterday's highs.
- Yesterday's moves saw yields up to around 15-years move to their highest levels of the current cycle but 15+ year gilt yields failed to really move above the levels seen ahead of the Spring Statement when a lower than expected remit was announced.
- However, we have since retraced much of that move, but the front-end of the curve still remains steeper than ahead of the Spring Statement.
- Headlines are just breaking about the "partygate" Covid rules breaking by Downing Street - this is unlikely to have much market impact but will be a talking point.
- Main domestic economic event for the UK today is money supply / mortgage approvals data with BOE's Broadbent due to speak tomoroow and the final print of Q4 GDP.
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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