Gilts Opening Calls: Futures Seen Opening Lower, Near 126.05/08
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283
(Bloomberg) -- Gilt futures called to open lower, tracking bund and Treasury dip from the European open.
- Supply ahead this week with U.K. to sell 1.5% 07/2047 for GBP2b on March 22, equivalent to 39k gilt futures, or GBP4.4m/bp in risk
- Mixed views on GBP rates; Deutsche Bank suggests maintaining 1y1y/3y1y Sonia steepener, given lack of risk premium considering inflation pressure
- Citigroup suggests hawkish episodes from BOE should be faded as actual risk of a policy error is far too great ahead of potential cliff-edge risk, stay long 10y gilt: MORE
- Gilt 10Y futures called to open at 126.05 (-0.20) RX ref: 159.74
- Called to open at 126.08 (-0.17) based on TY ref: 123.79
- 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
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283