Free Trial

Yields Drop Further Across Curve, Futures Eye Resistance

GILTS

Further to our note earlier, multiple outlets now reporting the UK Gov't potentially "U-Turn"ing on its fiscal plans.

  • Gilt yields down about 20bp across the curve in last 10 minutes, with 2Y yield back to Sep 23 levels (i.e. pre-mini Budget).
  • Gilt front futures up 400 ticks on the session, hitting a high of 97.24, last 95.67. Resistance is at 95.79/97.98 (High Oct 7 / 20-day EMA) then 100.92 (Oct 4 high).

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.