Forex News: Gilts remain in positive numbers thanks to an earlier boost from UK unemployment data, which showed the largest monthly increase in UK jobless claims since December 1992. Claims rise by 15,500 in June, above forecast 10,000, and up from May's upwardly revised 14,300. Strong US inflation data, with CPI up 1.1%, versus a forecast +0.7%, and core CPI up 0.3%, versus forecasts +0.2%, causes gilts to trim some gains later in the day. Further losses incurred after the release of stronger than expected US industrial production data for June, up 0.5%, versus a forecast +0.2%. The yield curve inverts, with the 2-year/10-year spread flattening to -1 bps from +3.5 bps Tuesday. September gilts are up 0.18 at 106.84, in a 106.51-107.09 range. The 10-year gilt is up 0.277 at 101.262 to yield 4.834%.
0 comments:
Post a Comment