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GILT PAOF RESULTS

GBP562.500mln of the 0.25% Jul-31 gilt sold

US TSYS

Repo Reference Rates -- SOFR Dips to 0.03%

US
US: 10-YR YIELD TECHS: 2.884-2.950 Resistance Region Key
*RES 4: 2.935 - Hourly resistance June 21 
*RES 3: 2.900 - High June 26 
*RES 2: 2.884 - High July 3 
*RES 1: 2.875 - High July 10
*PRICE: 2.829 @ 0430GMT
*SUP 1: 2.825 - Hourly support July 11 
*SUP 2: 2.807 - Low July 6 
*SUP 3: 2.790 - Hourly support May 30a 
*SUP 4: 2.759 - Low May 29
*COMMENTARY: Overall bearish focus remains on 2.717-759 where Apr & May lows are
noted with a close below 2.807 to add weight to their case. The Bollinger base
(2.803) and modestly O/S studies remain key concern for bears and limit follow
through. Bulls continue to look for a close above 2.884 to gain breathing room
and above 2.950 to confirm breaks of 21, 55 & 100-DMAs and pressure the key
3.014-050 resistance region.