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GILTS: 10-Year Yields Now 19bp Lower On The Day

GILTS

Rally extends further. UK 10-Year yields now 19bp lower on the day, on track to register the largest one-day fall seen since March ’23.

  • The benchmark is now ~4bp off the January 8 low (4.659%).
  • Futures as high as 91.17, eying resistance at the January 8 high 91.58.

Fig. 1: One-Day Net Change In 10-Year Gilt Yield

GiltChange3
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Rally extends further. UK 10-Year yields now 19bp lower on the day, on track to register the largest one-day fall seen since March ’23.

  • The benchmark is now ~4bp off the January 8 low (4.659%).
  • Futures as high as 91.17, eying resistance at the January 8 high 91.58.

Fig. 1: One-Day Net Change In 10-Year Gilt Yield

GiltChange3