Big squeeze underway in bonds
UK leads the way
Lower debt issuance in the UK appears to have set off some kind of short squeeze. UK 30s are now down 15.5 bps to 1.163%. Gilt yields are also down 11 bps and through the key 1% level.
The move is spreading globally to a lesser extent and bears very close watching.
The move in UK yields isn't having much of an effect on GBP but the sands are shifting. Also note that there is a US 5-year auction today.
October 28, 2021 at 01:23AM
Adam Button
https://ift.tt/3pIYTZc
Labels: Forexlive RSS Breaking News Feed
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home