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USDCAD TECHS

Fresh Lows Below 1.2062

AUDUSD TECHS

Extends This Week's Gains

JGB TECHS

(M1) Consolidating

EURJPY TECHS

Upside Extension Within Its Channel

Curve Steepening

GILT SUMMARY

The short end of the gilt curve has traded firmer through the session while the longer end has lacked direction. Equities have sold-off through the day with cable similarly on the back foot.

  • Short-end gilt yields are 1-2bp lower on the day while the curve trades 2-3bp steeper. Last yields: 2-year -0.1431%, 5-year -0.0476%, 10-year 0.2842%, 30-year 0.8670%.
  • The Mar 21 gilt trades at 134.45, towards the top end of the day's range (L: 134.17 / H: 134.49).
  • Short sterling futures are broadly 0.5-1.5 ticks higher in whites/reds/greens/blues.
  • The DMO sold GBP4.0bn of 1-/3-/6-month bills
  • Data published this morning showed the UK economy contracting -2.6% M/M in November compared to -4.6% survey.
MNI London Bureau | +44 0203-865-3808 | bruce.jeffery@marketnews.com