Swaps - GBP

GBP Swaps: Long buyers linger; Supply rumours; RPI revolt

An early sell-off partly-reversed as the 10s30s curve again refused to follow the steepening in the US amid supply rumours. CPIH faces a challenge.

GBP Swaps: Ultra buying driven by RM and offshore

Another bullish session for USTs and ultra buying by RM and international accounts drove bull-flattening today.

GBPi: Pompey PFI linker shows beauty of UK market; B/E br...

RPI gets a boost from QAH's linker with traders reflecting on the 'beauty' of the UK inflation market. Meanwhile breakevens take a breather.

GBP Swaps: Long end richer, B/Es tighter

A low volume session saw gilts rise from early lows alongside USTs. Long nominals outperformed a touch and the B/E curve ended tighter and flatter.

GBP Swaps: Traders get religion ahead of Easter

Strong USTs and a new Q1 bounce bull-flattened the curve, but traders warned of a market skewed to steepen in positions. And talk of Kilts returned.

GBP Swaps: Selling of 5y spreads and gilt basis; Rebalanc...

Traders reported selling of 5y spreads and gilt basis but said the main driver today is rebalancing plays ahead of quarter-end.

GBP Swaps: USTs and liquidity weigh on gilts, linkers

Gilt yields followed USTs north and B/Es sold off by around a bp as linkers failed to eat to the beta.

GBP Swaps: Gilt sell-off delayed long enough; 10y shorts

What felt like the first day of Spring saw risk-off fail to gain a foothold, while risk-on was held off long enough to get the APF out of the way.

FCA and BOE: SONIA non-linear switch by 11 May

The FCA and BOE encourages the SONIA switch for sterling non-linear derivatives to be made by 11 May.

GBP Swaps: Dip buying fades; Liquidity focus; Bottoms up

Bear-flattening reversed this afternoon as flows faded. Traders eye liquidity, as does the BOE, which is also busy examining inflation forecasting.