Swaps - GBP

GBP Swaps: 30s/50s flows again; SONIA pressure; PIC upbea...

A big risk-off move greeted the developments in what is already the second global scare of the 2020s.

GBP Swaps: Cut still on; 50y high on supply?

Today’s much-hyped Jan PMI data came, and then went, leaving the sterling market profoundly uninterested. Instead, 50y flow caught the eye.

ISDA, FCA and IBA on pre-cessation issues around LIBOR

ISDA has released letters from the UK FCA and IBA addressing some of the pre-cessation issues around LIBOR.

GBP Swaps: Late surge; 50y talk; IL48 verdict

Bunds led a late surge in gilts this afternoon after the ECB, while the IL48 tender went pretty swimmingly.

GBP Swaps: CBI bangs gilts; LBBW on green sterling deal

The gilt rallied back from the lows tested following an unexpected surge in business sentiment but the curve remained flatter at the close.

GBP Swaps: Strong auction; SONIA-BOR bouncing

GBP traders were happy with the good people of the DMO today after the auction of new 2041. Elsewhere SONIA-BOR is recovering and UK munis are born.

GBP Swaps: Low energy start; Tide to turn in long-end?

A low energy start to the week saw gilts underperform slightly after house price data added to a slight sense of cold feet ahead of the MPC.

GBP Swaps: Market flies on two wings; Long paying

Traders said that sterling market activity today, and for previous sessions, has been very much a tale of two wings.

GBP Swaps: Storm SONIA; 2071 to weaken? B/E talk

SONIA-mania, rate-cut fever and the impact of the delay in the RPI consultation timetable combined to produce a lively day for GBP fixed income.

BOE-FCA: Switch from GBP LIBOR to SONIA by March 2020

The BOE and the FCA have launched an initiative to hasten the switch from LIBOR to SONIA across sterling cash and derivative markets.