Bonds - GBP

GBP Swaps: Dec21 parties like it's 1999; Oh me, Omicron

MPC hawk Saunders is having second thoughts (something to do with a global pandemic). Ignoring Covid restrictions, Dec21 is partying like it's 1999.

GBP Swaps: Long tail; Asset swap selling; BOE on SII

The UK may be an emerging market according to some dealers but at least there was plenty to keep them busy.

GBP Swaps: Long gilts squeezed in global flattening

Post-Powell curve flattening saw SONIA 2s/10s invert despite dovish BOE comments. At the long end the rally pulled 10s/30s and 30s/50s more negative.

GBP Swaps: Gilts excel in straight risk-off spree

Corona, ex-divs and supply/demand dynamics combined to ensure gilt outperformance today.

GBP Swaps: Flytrap sprung as investors caught in web of p...

Gilts outperformed on a thin but significant Thanksgiving that traders say will see some market participants offer no thanks whatsoever.

GBP Swaps: IL73 goes ‘well’ despite glaring liquidity ga...

The syndicated sale of £1.1bn of the new 2073 went well in terms of demand and post-sale price action. But liquidity problems seemed to peak today.

GBP Swaps: Powell weakens; Syndi nears; 10s/30s/50s trade

Gilt yields closed higher as a global selloff picked up pace in the afternoon. Dealers are positioning for the upcoming linker syndication.

GBP Swaps: Banana Republic adrift; HFs bailing out

The gilt market went from influencer to influenced as an ill Corona breeze blew in from Germany. Traders highlighted long end HF flows.

GBP Swaps: Another twist as risk-off strikes

With inflation rampant and strategists fleeing from dovish nests, today should in theory have seen gilts under pressure again. Bit it was not to be.

GBP Swaps: APF happens; Linker extensions complicate things

A lively day in nominal gilts and IRS saw another gilt sale-buyback combo. In linkers extensions are complicating matters.