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Back Towards Session Highs

GILTS

Gilts tick back towards best levels of the day after the early bid in futures ran out of steam ahead of 95.00. A breach of the figure would expose the September 1 high at 95.79, with the contract registering best levels of the week earlier today.

  • A fresh round of flattening pressure on the BoE-dated OIS strip, alongside a bid in core global FI markets, has facilitated the recent move richer (BoE pricing and cross-market flow have provided much of the impetus today).
  • Gilt futures last print +60, a little over 10 ticks shy of best levels.
  • Cash Gilts are 0.5-7.0bp richer, with BoE pricing and the potential issuance of 40+-Year paper seemingly leading to a bull steepening move.
  • SONIA futures last show flat to 11bp richer, with the back of the reds and front of the greens leading.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageBond Market NewsBank Of England (BOE) Market NewsBulletMarketsFixed Income Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageBond Market NewsBank Of England (BOE) Market NewsBulletMarketsFixed Income Bullets

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