Bonds - GBP
GBP Swaps: Global move supports pre-MPC rally
A day of strong moves in gilts either side of supply and demand bursts saw sterling fixed income follow the risk-off trend. Ahead of the MPC.
GBP Swaps: DMO to win the 15-year war; But 2071?
Another month in Covid Year One ended with a scheduled newsflash today as the good people of the DMO unleashed their latest mega-issuance plans.
Basis: Hungry for gamma in pancake-flat market
In a year of statistical firsts a flatter basis swaps curve will not earn a ‘Bong’ moment on the ITV news, but gamma flow is weighing heavily upon it.
GBP Swaps: 2054s strong; RPI boom eyed; 15y mutters
News from the DMO left nominal gilt traders unmoved, while talk of a linker syndi has served to remind some that things can get better.
GBP Swaps: SONIA transition trades to toppy territory
After last week was headlined by structural flow in 40y gilts. rates have traded in tight ranges this week and the flow is in long dated SONIA-BOR.
GBP Swaps: Linker switch talk; Tough August looms
Nominals ended a day of range-trading a bit firmer. B/Es bull-steepened amid bids in the front end and switches out of linkers.
Basis: Canadians stand tall; Dim Sum off the menu?
Cometh the hour, cometh the Canadian. An embarrassing lack of issuance as been partly filled by Canadians. Elsewhere, traders fear for Dim Sums.
GBP Swaps: Absent market makers make for underwhelming au...
Traders link the underwhelming gilt auctions to absent market makers and a well-offered long-end APF in recent days.
GBP Swaps: 10y flows; Bright gilts future? Bucket peril
What a tricky century this is. 10y Gilts have rallied 576bps and there's still a long way to go. Traders today note 10y interest and record levels.
GBP Swaps: Ghosts of 71; 15y query; 2m LIBOR puzzle
A slightly summery week in terms of flow in the GBP fixed income market saw participants focused on LIBOR fixes, DMO supply and flow.