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10-/20-/30-Year Fly Rangebound Into Latest Long End Issuance

GILTS

Very modest cheapening for 20s on the 10-/20-/30-Year fly over the last few sessions, but there isn’t much in the way of standout RV to note on the structure as we head into today’s GBP2.25bn 7.75% Oct-43 gilt auction.


Fig. 1: UK 10-/20-/30-Year Butterfly

source: MNI - Market News/Bloomberg

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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