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Curve Steepens As Core Fi Struggles

GILTS

The aforementioned weakness in wider core global FI markets helps take the UK 5s30s curve through 50bp, with that curve testing recent steeps as a result. Any breach there would turn focus to the May extremes.

  • Meanwhile, the 2s10s curve also extends its recent steepening run to trade just above -20bp. There will be obvious interest centred on the 0 level if the move extends. Beyond flat, the cluster of Mar through May steeps would present the meaningful levels of interest.
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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