LOOK AHEAD: A Busy, and Key, First Half Of January For US Data
Dec-24 15:18
* The first two full weeks of the year see nonfarm payrolls and CPI reports for December with thos...
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
MNI EXCLUSIVE: Report on EC's Autumn Semester Package
Nov-24 15:17
MNI reports on economic details of the European Commission's draft Autumn Semester Package, to be released tomorrow -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
SOFR OPTIONS: BLOCK: Large Dec'25 SOFR Midcurve Put
Nov-24 15:16
- 35,000 0QZ5 96.50 puts, cab at 1012:07ET
GILTS: Under Slight Pressure As Equities Recover, Equities Eyed
Nov-24 15:12
{GB} GILTS: The uptick in cover at the latest medium-dated bucket sale from the BoE’s APF holdings provides some brief background support for gilts, but the move quickly fades.
- Cross-market moves have dominated for much of the session, with a recent uptick in equities weighing on gilts.
- Futures have filled the opening gap higher after Friday’s high (92.43) helped cap rallies (today’s highs is 92.44).
- Bears remain in technical control at this stage.
- Support comes in at 91.51.
- Conversely, extension higher would target the November 18 high (92.60), which protects the 20-day EMA (92.70).
- Yields little changed to 1bp higher, curve flatter.
- SONIA futures now little changed to -3.0, while BoE-dated OIS still prices over 80% odds of a December cut.
- Our detailed Budget preview is here.
- Meanwhile, our Gilt Week Ahead document details the key areas to watch at the event and updates on weekend press reports re: fiscal matters.
