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98.00 Still Intact In Futures

GILTS

Bears only manage a modest look below previously registered session lows during the post-U.S. weekly jobless claims data weakness, with the 98.00 level remaining intact (lows of 98.02 were lodged) as core global FI markets stabilise. The contract then ticks away from worst levels to last trade at 98.15, with the previously outlined technical parameters still unchallenged. Yields across the gilt curve sit 1-3bp higher, with the belly under the most pressure and the long end proving the most resilient, resulting in some light bear flattening on the day.

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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