May 21, 2024 08:40 GMT
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
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