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- Note that gilt futures (Mar-22) have challenged the key bull trigger seen by our technical analyst at 126.23. We traded as high as 126.25 but have since come off the highers to be 1.03 higher on the day at 125.92 at the time of writing.
- There has been only minor flattening of the curve with 2s10s down 1.0bp with more of a parallel shift (2-year yields down 9.4bp and 10-year yields down 10.4bp).