Swaps - GBP
GBP Swaps: IL41 goes OK; HF buyers; YBS; SONIA fix?
GEMMs said that the IL41 went well (for the Street) today, selling at a six-month high in real yields and rallying afterwards.
GBP Swaps: SONIA-BOR shines in pre-syndi conditions
A sharp, ISDA-driven flattening of the SONIA-BOR curve was the big event in a market thirsting for liquidity ahead of the IL41 syndication.
GBP Swaps: August without the weather; 2049 wobbles
One trader described November as ‘August in winter’, as the market continued to tick over in low volumes. The 2049 gilt tap came with a wobble.
GBP Swaps: Data drags B/Es and RPI swaps; Old school beta
Breakevens and RPI swaps were both marked down in afternoon trading following lower-than-expected UK inflation data.
GBP Swaps: Macro calm keeps ranges tight; RPI bond hopes
Mixed UK employment data for October this morning rallied gilts in the morning, before they fell in the afternoon.
GBP Swaps: Front end gaps as Boris odds cut; Supply talk
The latest Brexit-election news sent short sterling gapping lower and provided much-needed interest in a holiday-hit session.
GBP Swaps: Short-covering after early weakness
A week that saw dovish words from the MPC and bearish price action in the gilt market was ending with something of a short-covering burst.
GBP Swaps: B/Es pop higher as MPC steepens IRS
The BOE unexpectedly shuffled in a dovish direction, but even a muted response for electoral reasons couldn't stop a big 2s/10s move steeper.
GBP Swaps: Gilts shake off sell-off; Eyes on MPC
Gilts shake off sell-off, keep eyes on the MPC.
GBP Swaps: US drives sell-off; B/Es flatter as syndi conf...
US equities, and then later, US data drove a session that saw gilt yields rise and breakevens flatten.