empty
 
 

2010.09.2009:20:00UTC+00Gilts slip on Monday on equity prices recovering

  • Gilts dipped on Monday due to equity prices recovering and Moody's assurance of AAA rating on Britain
  • Lending to UK business fell in July and home loans approvals by banks also fell in August - BOE data
  • Fed's meeting is in focus by dealers as chances of quantitative easing is seen
  • December gilt future was 19 ticks down at 122.30
  • European shares were 0.6 pct higher due to commodity stocks and mergers and acquisition talk.
  • 10 yr gilt yields were 1bps higher at 3.14 pct, while the spread over Bunds were unchanged under 68bps

 Quote:

  •  "Volumes are very light in Bunds and gilts which is not surprising given the event risk associatied with tomorrow.In gilts, volumes are about a quarter to a third down from where you'd normally expect." - Marc Ostwald, bond strategist at Monument Securities. 

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback