Just in:  

You are here: Home»Markets»Fixed Income»Europe»Gilts fall after US fiscal deal, UK manufacturing data eyed

gilts--LONDON: Gilts fell in early trade on Wednesday, in line with German Bunds, after US politicians approved a deal to prevent steep tax hikes and spending cuts, boosting investors' risk appetite.


The United States narrowly missed a 'fiscal cliff' after the Republican-controlled House of Representatives approved a bill that will raise taxes on top US earners, fulfilling President Barack Obama's re-election pledge.


"With new legislation to avert the 'cliff' and with the 'sequester' postponed by two months, the knee-jerk market reaction is likely to be 'risk-on', with higher yields and with mid-maturities likely to suffer the most," said Lloyds strategists.


At 0838 GMT, the March gilt future was 83 ticks lower at 118.09, underperforming the equivalent Bund which was 106 ticks lower on the day.


Investors will look towards British manufacturing PMI data, at 0928 GMT, which economists polled by Reuters expect to remain unchanged at 49.1 in December. PMI surveys on construction and services will also be released later in the week.


On Thursday, Britain's Debt Management Office will auction 3.75 billion pounds ($6.05 billion) of 1 percent 2017 gilts.

Center>Copyright Reuters, 2013


Index Closing Chg%
Arrow DJIA 17,751.39 0.69
Arrow Nasdaq 5,111.73 0.44
Arrow S&P 2,108.57 0.73
Arrow FTSE 6,631.00 1.16
Arrow DAX 11,211.85 0.34
Arrow CAC-40 5,017.44 0.81
Arrow Nikkei 20,302.91 0.13
Arrow H.Seng 24,619.45 0.47
Arrow Sensex 27,563.43 0.38

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln