20.09.201009:20:00UTC+00Gilts slip on Monday on equity prices recovering
Gilts dipped on Monday due to equity prices recovering and Moody's assurance of AAA rating on Britain
Lending to UK business fell in July and home loans approvals by banks also fell in August - BOE data
Fed's meeting is in focus by dealers as chances of quantitative easing is seen
December gilt future was 19 ticks down at 122.30
European shares were 0.6 pct higher due to commodity stocks and mergers and acquisition talk.
10 yr gilt yields were 1bps higher at 3.14 pct, while the spread over Bunds were unchanged under 68bps
Quote:
"Volumes are very light in Bunds and gilts which is not surprising given the event risk associatied with tomorrow.In gilts, volumes are about a quarter to a third down from where you'd normally expect." - Marc Ostwald, bond strategist at Monument Securities.