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Curve leaning flatter

GILTS
  • UK 5s/30s, is still leaning flatter this morning, with the Friday low, looking too close not to be tested?
  • Investors have so far faded off last week low at 48.733bps, printed last Monday, after more Hawkish rhetoric from Bailey a week ago, pushing desks to price higher hikes, and longer terms hold
  • UK 5/30s is now at 52.44, ahead of that October low, and flattest level since 5th November 2020

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