Free Trial

Yields Out To 10s Through Yesterday’s Highs

GILTS

Gilt futures trade through yesterday’s lows following the German and Eurozone PMIs, contract prints as low as 96.64, with next support coming at that May 3 low (96.43).

  • The bearish move seen over the last ~24 hours undermines a recent bullish theme in the contract.
  • Benchmark gilt yields are 2.5-4.5bp higher across the curve, bear flattening.
  • Yields out to 10s are through yesterday’s highs.
  • 2s last print at 4.493%, with bears eying the early May high (4.542%).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.