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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

Back To Flat

GILT SUMMARY

Gilts sold off sharply at the beginning of the session and have steadily clawed back losses through the day to now trade close to flat.

  • Cash yields are now within 1bp of Friday's close. Last yields: 2-year -0.0332%, 5-year 0.0865%, 10-year 0.4883%, 30-year 1.0729%.
  • The Mar 21 gilt future trades at 132.23, 1 tick below the day's high.
  • The BoE earlier purchased GBP1.48bn of short-dated gilts with offer-to-cover of 4.48x.
  • A new study suggests that the Oxford/AstraZeneca vaccine is only 10% effective against the South African variant of the coronavirus.
  • Looking ahead, preliminary Q4 GDP will be published on Friday alongside industrial production, construction output, index of services and international trade data for December.
MNI London Bureau | +44 0203-865-3808 | bruce.jeffery@marketnews.com
MNI London Bureau | +44 0203-865-3808 | bruce.jeffery@marketnews.com