July 16, 2024 09:03 GMT
20s Cheaper On 10s20s30s Fly Ahead Of Auction
GILTS
Some light concession for 20s on the 10-/20-/30-Year gilt fly ahead of today’s GBP2.25bn 20-year 4.75% Oct-43 gilt sale. The structure stays within the multi-week range, but this is supportive for demand, all else equal.
Fig. 1: UK 10-/20-/30-Year butterfly (bp)
Source: MNI - Market News/Bloomberg
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