Gilts and Short Sterling futures conforming to bearish leads

UK debt and STIR contracts have corrected lower in line with core counterparts, but early Liffe losses are relatively contained as Brexit risk lingers. Indeed, the 10 year bond has bounced from worst levels to retest 124.00 vs 123.85 at the open and only a marginal dip to 123.84, while the 3 month strip has pared losses of 0.5-1.5 ticks to trade +/-0.5 tick around Monday’s closing levels. Back to Brexit, PM May will deliver an update on the latest state of play to the House of Commons at 12.30GMT, while a speech from BoE Governor Carney 30 minutes later will be scrutinised for any further insight and policy guidance after super Thursday, though in truth he is unlikely to have much more to offer given ongoing uncertainty about the terms that Britain is set to leave the EU on.

12 Feb 2019 - 08:51- - Source: RANsquawk

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include: