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Better Bid In Recent Trade

GILTS

A fairly sedate round of trade for gilts to start the week, with futures trading either side of 100.00.

  • This allows familiar technical parameters to remain intact/unchallenged after last week’s break below the 20-day EMA.
  • The extension of the pull lower in crude oil futures helps bias the contract back towards/slightly through early session highs in recent trade.
  • The recently seen round of short-dated bucket gilt sales from the BoE saw solid to strong demand, this will also be helping underpin the space.
  • Cash gilt yields run within -/+1.5bp of Friday’s closing levels at typing.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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