Swaps - GBP

GBP Swaps: Through Danger Corner and into the chicane

GBP swappers fell back on old memories of painful times to negotiate a potentially tricky Monday. They noted 30s/40s ASW action and eyed DMO supply.

GBP Swaps: 5y paying blast echoes; Index talk

Despite the PM being locked down with a nurse, GBP fixed income had no option but to carry on. Traders reported 5y action and index uncertainty.

GBP Swaps: Late long linker love; Gilts sensible

Gilts played the role of the token sane market today as 10y yields rallied a mere 5bps versus 20bps in OATs. Long linkers were well bid.

Coronavirus hits SONIA transition milestones

Stakeholders this week acknowledged that key milestones are likely to be missed on the path from LIBOR to SONIA as the coronavirus wreaks havoc.

GBP Swaps: RPI secondary; Liquidity view; Data troubles?

The RPI market largely ignored the data in favour of watching US equities' reaction to the stimulus package, dealers said today.

GBP Swaps: APF supportive; Linker bounce; Brevan heaven

It probably won’t happen but gilt traders today were allowed to dream that perhaps their market is ready to afford them a little bit of sanctuary.

GBP Swaps: Wider spreads a relief as Fed, QE drive outper...

Traders say that QE was a factor in another day of interesting price action.

GBP Swaps: Bailey's £200bn balm to bananas bonds

A day marked by a sharp bull-flattening was nothing but a continuation of the dramatic reaction to the BOE's second decisive intervention.

GBP Swaps: QE boost saves gilts; Inflation yet to price i...

Another wacky session for GBP fixed income saw the ECB fire its latest big bazooka before the BOE shot a £200bn banger of its own.

GBP Swaps: Gilt 'carnage' as London prepares for lockdown

Traders report 'carnage' as London prepares to go into lockdown, Bailey fails to reassure.