Bonds - GBP
GBP Swaps: Market flies on two wings; Long paying
Traders said that sterling market activity today, and for previous sessions, has been very much a tale of two wings.
GBPi: Tactical linker shorts face decision after delay
A moment of clarity hit the linker market today in reaction to news that the consultation over RPI reform has been postponed.
GBP Swaps: Gilts gain but underperform; Inflation wider
Gilts bull-flattened but still underperformed against Bunds and Treasuries to start 2020. Inflation widened in the wings.
GBP Swaps: LDIs drive steepening; Bailey's Christmas
As LDI buyers of gilts start to drift into their Christmas escapes, so too has the bid in long gilts faded away, leading to a gentle steepening.
Basis Swaps: Book-tidying drives front-end; JPY bounce
With fears of a year-end liquidity squeeze ebbing fast, the very front end of the core basis swap markets all leapt higher this morning.
GBP Swaps: Complacency driving risky positioning
December 12 is of course Frank Sinatra’s birthday, and it could prove a date when many-a-trader will regret having done somethin' stupid ahead of it.
GBP Swaps:To-ing and fro-ing; SONIA-BOR 20y flow; MPC payer
Even as gilts fell 60 ticks on trade/election hopes, some of the most interesting action was in long end SONIA-BOR.
GBP Swaps: Thriving auction; Hiding Boris
Ten-year gilts soared today thanks to a combination of supply factors, Trump and politics. Elsewhere, there are worries about Boris.
GBP Swaps: ASWs shrug off narrowing poll; DMO plans
A narrowing in the opinion polls between Labour and Tory in the recent polling has not been reflected in 30y ASWs. Quite the opposite.
GBP Swaps: Roll risking 2028/29 mistake; SONIA-BOR talk
The 10y gilt yield traded in a narrow range today, a dull stat that conceals a lot of roll-related action.