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Core FI A Little Softer, Gilts widen

BONDS

Core global bond futures are below yesterday’s settlement levels, with yields little changed to ~3bp higher across the major U.S., German & UK metrics.

  • Cross-market inputs provide some light pressure, with U.S. & European equity futures a little higher (but off best levels) and oil futures edging away from yesterday’s lows.
  • Gilts widen a little vs. peers after yesterday’s UK CPI-driven outperformance.
  • EGB spreads to Bunds are mixed but within 1bp of yesterday’s settlement levels.
  • A raft of U.S. data & Fedspeak is now eyed, with news flow light through the London morning.
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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