Swaps - GBP

GBP Swaps: Green gilts surprise; Strategic advice

Green gilts sold today outperformed uncertain demand expectations, before selling off late in what was an unusually pacific session.

GBP Swaps: Gilts hint at supply problems

Gilts sagged under the weight of supply during a soggy session for long-dated fixed income globally.

EUR Swaps: Big bear-steepening; Puzzling long-end

Global fixed income has bear-steepened today, while strategists at BofA find recent price action in long-end euros to be puzzling.

USD Swaps: Hawkish reflections help records tumble

A weekend of hawkish contemplation followed a week in which rising oil prices threaten more upwards pressure on inflation helped UST yields soar.

GBP Swaps: Drifting steeper after data

The gilt curve drifted steeper after PMI data came out weak this morning.

GBP Swaps: Dovish news followed by bearish move

The decision not to hike rates was a close call. And after the briefest of celebrations, hawkish MPC words were heard. ABN sees three cuts in 2024.

Basis Swaps: Cable stands out as MPC pauses… just

Two weeks ago a pause by the MPC would have been more-or-less unthinkable. Today it paused amid heavy cable basis flow.

GBP Swaps: Gilts on fire as Phase One of bull dream compl...

GBP fixed income bulls, and fans of bull-steepeners, partied today, while hoping that Andrew Bailey & Co will make the party continue tomorrow.

GBP Swaps: Gilts get high on supply

Yo-yoing gilts ended lower in yield today after the market took down its second dose of supply in less than 24 hours.

GBP Swaps: Hawks face struggle with rent? Pubs at risk!

Bad economic news of the very worst kind was released today in the form of soaring pub closures. Gilts sag.