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Another Leg Lower In Crude Oil Futures Help Underpin Core Bonds

BONDS

A continued fall in crude oil futures, this time on BBG source reports flagging a potential delay to the impending OPEC+ meeting, helps core global FI markets consolidate near best levels of the day/trade to fresh session highs.

  • The UK Autumn Statement will cross imminently, cash gilt yields are 1bp higher to 2.5bp lower at typing, with the long end outperforming (most of the market focus in the Autumn Statement is set to fall on the degree of the widely expected cut to the gilt issuance remit).
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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