June 13, 2024 10:41 GMT
Early Downtick Holds As Labour Sticks To Script
GILTS
As noted elsewhere, the Labour Party’s election manifesto delivers few surprises, leaving the door open for CGT hikes further down the line (a matter that has received plenty of attention in the UK press in recent days).
- Futures just off lows at 97.69 as a result, with initial technical parameters remaining untouched as the contract pulls back from yesterday’s highs.
- Yields are 4-5bp higher across the curve, with the light bear flattening flagged earlier still intact.
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