November 20, 2024 13:51 GMT
BONDS: Gilt roll trades on legs
BONDS
- Gilt Block trade of 10k is spread related, trading on legs.
- Most of the Gilt flow is now mostly spread related, with desks taking advantage of the quieter market, lack of Data and Risk event for today.
- Volume in the roll is still fairly subdued, although it is just showing 9k outright spreads, up to 20k have traded on legs.
- As just noted previously, Govies are near their lows, but to give perspective, Bund has now hovered at its session low, without breaking it for well over an hour and half.
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