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BONDS: Futures Under Pressure At The Cash Open

BONDS

Bond futures have ticked lower following the European cash open, with BTP and Gilt futures through yesterday’s lows. 

  • No obvious headline trigger for the move, which seems somewhat isolated to FI with currency/equity markets fairly steady compared to much of this week (noted earlier)
  • Next support in Gilt futures is at 96.96 (Jul 3 low) should the selloff persist, before key support at 96.57 (Jul 1 low).
  • BTP futures remain just above the first support at 117.44 (20-day EMA).

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