LONDON, Aug 17 (Reuters) – British gilt futures opened
steady on Tuesday, holding within sight of the previous
session’s contract high as doubts over the global recovery
continued to dominate ahead of UK inflation data.
* Data at 0830 GMT expected to show UK consumer price
inflation eased to 3.1 percent in July from 3.2 percent in June,
a third consecutive fall but still more than a percentage point
above the Bank of England’s target. Such a reading would require
BoE Governor to write an open letter explaining why inflation
remains so high.
* At 0718 GMT, the September gilt future <0#FLG:> was two
ticks higher at 124.43, having hit a contract high of 124.57 on
Monday. The yield on 10-year gilts GB10YT=RR was steady at
3.04 percent, having hit a 17-month low of 3.031 on Monday.
* Gilts traded broadly in line with Bunds, keeping the
10-year yield differential steady at just over 71 basis points.
* Short sterling interest rate futures <0#FSS:>, which have
enjoyed a stunning rally over the past three weeks, were flat to
two ticks lower across the strip.
——————— KEY MARKET DATA—————————
Long Gilt futures <0#FLG:> Gilt benchmark chain <0#GBBMK=>
Short Stg futures <0#FSS:> Cash market quotes
Deposit rates DM= Sterling cross rates GBPX1=
UK debt speedguide
——————–KEY MARKET REPORTS————————–
Gilts [GB/] Sterling [GBP/]
Euro Debt [GVD/EUR] Dollar [USD/]
U.S. Treasuries [US/] Debt reports [DBT]
——————– GILT STRIPS DATA ————————–
Gilt strips data
Gilt strips IO <0#GBSTRIPIO=> Gilt strips PO <0#GBSTRIPPO=>
A list of all the strippable British gilts <0#GBSTRIPTSY=>
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UK diary [GB/DIARY] Press reviews [PRESS]
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(Editing by John Stonestreet)
