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.