Inflation - GBP

USDi: Fed’s hawkish tide sinks all boats, BEs included

A more hawkish than expected FOMC dot plot essentially sent all major asset classes lower with TIPS/BEs far from unscathed today.

GBP Swaps: Inflation curve hit; Nominals bull-flatten

RPI and supply news hit the inflation curve today. Nominals bull-flattened.

USDi: Team Reflationista scores PPI points; TIPS/BE selli...

A much stronger-than-expected May PPI print gave another point to Team Reflationista. BEs bull flattened as better TIPS/BE selling abated.

USDi: CPI sugar high quickly fades away; RM sellers

Yesterday’s CPI sugar high for the U.S. inflation asset class didn’t last too as real money sellers knocked BEs lower today.

USDi: Inflation genie out of bottle, how long though? Sel...

Today’s stronger-than-expected May CPI print woke BEs up from a six-day narrowing spell but selling pressure still remained in the background.

GBP Swaps: Afternoon turnaround; Springwatch

Gilts ended with a solid underperformance as 10y yields rose 2.5ps after a session lacking rhyme or reason. And strategists look for a UK bounce.

USDi: BEs hellbent on limping into CPI

BEs remained hellbent on limping into tomorrow’s CPI print as continued end-user selling/profit taking persisted.

GBP Swaps: 2071 doing badly - Short base not that large?

Traders report that the 2071 is doing badly and contend that 5y spreads remain rich.

USDi: BEs go offline and fail to recover; End-user sales

Risk sentiment recovered from an early hacking scare but BEs didn’t come along for the ride amid more end-user TIPS/BE sales.

GBP Swaps: Unloved 2071 lands; Cable falls; B/Es mixed

The unloved 2071 arrived with the ultralong end underperforming shorter on the curve, and against linkers. Cable basis fell again. Gilt ASW richened.