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Barclays recommend a Gilt Sep-25/Jul-2027.....>

GILTS
GILTS: Barclays recommend a Gilt Sep-25/Jul-2027 micro steepener at +22.6bps
with a target of +35bp and stop at +18bps going into the Bank of England's APF
reinvestment operations starting on March 12. 
- Say that due to the Sep-25 and Jul-26 Gilts being rich compared to the Jul-27
Gilt in the asset swap space, then these are likely to be offered in the APF
reverse operations.
- "Within the micro space, we would expect the richness in the Jul-27 to be
reversed so see tactical value in the Sep-25/Jul-27 steepener.

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