BOE: Ramsden: Today's APF analysis sets scene for September decision
Aug-07 12:14
* Q: Ramsden asked on the pace of QT and whether the gilt market could absorb a GBP100bln APF redu...
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BONDS: Sell Off Stalls As Bears Fail To Meaningfully Break May Top In Bund Yld
Jul-08 12:08
Core global FI markets have edged away from session lows over the past couple of hours after bears failed to push German 10-Year yields sustainably above the mid-May highs (it was pierced, with the benchmark topping out at 2.707% vs. the May 14 high of 2.701%).
- Core global bonds are still comfortably lower on the day, curves lean steeper.
- Little in the way of macro news flow in the time since, with global benchmark equity index futures off London morning highs and crude consolidating below Monday’s session bests.
STIR: Repo Reference Rates
Jul-08 12:03
- Secured Overnight Financing Rate (SOFR): 4.33% (-0.02), volume: $2.814T
- Broad General Collateral Rate (BGCR): 4.31% (-0.01), volume: $1.136T
- Tri-Party General Collateral Rate (TCR): 4.31% (-0.01), volume: $1.106T
- (rate, volume levels reflect prior session)
GILT PAOF RESULTS: The PAOF for the 1.875% Sep-49 Linker wasn't taken up.
Jul-08 12:02
- GBP225.0mln have been on offer.
- This leaves GBP5.900bln of the gilt in issue.
