HALISTER1: Gilt Opening Calls: Futures Seen Opening Steady, Near 124.00/26

Gilt Opening Calls: Futures Seen Opening Steady, Near 124.00/26

(Bloomberg) -- Gilt futures called to open steady, with focus on BOE meeting on Thursday.
  • NatWest Markets expects a hawkish BOE hike, base case being a 7-2 vote and signaling that a ‘majority’ of members will continue to see the case for further tightening in coming months; recommend staying short 10y gilts, target 1.80%
  • Gilt 10Y futures called to open at 124.00 (-0.09) RX ref: 162.28
  • Called to open at 124.26 (0.17) based on TY ref: 124.74
  • NOTE: Opening call levels are derived from prices of equivalent bund futures since 7pm CET previous trading day; changes vs gilt closing prices at 7pm CET
To contact the reporter on this story: Stephen Spratt in Hong Kong at sspratt3@bloomberg.net To contact the editors responsible for this story: Tan Hwee Ann at hatan@bloomberg.net Anil Varma

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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