October 04, 2024 07:18 GMT
BONDS: Under Pressure
BONDS
Little in the way of fresh news flow as core global FI markets tick lower.
- Crude remains underpinned, with the inflation readthrough stemming from the recent rally in oil outweighing the impact of any risk-off/flight to quality flows into bonds surrounding tensions in the Middle East during recent sessions.
- U.S. data has also factored into the weakness in bonds over the past couple of days.
- The gilt curve has unwound most of yesterday’s rally, which stemmed from dovish comments from BoE Governor Bailey.
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