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Bulls Eye 4.00% In 10s

GILTS

The previously flagged pre-market weakness in Apple shares and a move lower in oil futures helps the early rally extend.

  • Gilt futures move above 99.00 for the first time since early February (based on a continuation chart), next resistance at 99.13 is being broken at typing, with highs of 99.24 seen on the move.
  • 10s lead the rally on the cash curve, with yields 4.5-10.5bp lower on the day.
  • 10s get closer to 4.00% registering a low of 4.010%. That round number presents the key marker for gilt markets at present.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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