UK gilts remain narrowly mixed ahead of BoE Governor Carney’s speech

The United Kingdom’s gilts remained narrowly mixed during European session Wednesday ahead of a scheduled speech by the Governor of Bank of England (BoE), Mark Carney, on June 14 by 12:55GMT.

The yield on the benchmark 10-year gilts, slipped 1 basis point to 0.848 percent, the super-long 30-year bond yields hovered around 1.449 percent and the yield on the short-term 2-year traded tad higher at 0.594 percent by 10:00GMT.

US stocks largely failed to advance yesterday, with the S&P500 closing effectively unchanged on the day. Talking about the trade war, Donald Trump boasted that “It’s me that is holding up the deal” with China, adding that "We had a deal with China and then they went back on the deal, and unless they go back to the deal I have no interest", Daiwa Capital Markets reported.

Meanwhile, the FTSE 100 remained tad 0.62 percent down at 7,349.25 by 10:25GMT, while at 10:00GMT, the FxWirePro's Hourly Pound Strength Index remained highly bullish at 147.19 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex