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Early Lows In Futures Breached, But Move Is Shallow

GILTS

Gilt futures manage a shallow look through the early session lows on a second test, given the previously alluded to weakness in wider core global FI markets.

  • A low of 94.70 was seen before the contract bounced to the 94.80 area.
  • The previously alluded to technical lines in the sand and overarching parameters remain intact.
  • Cash gilt yields are 3-7bp higher, with little in the way of meaningful net movement on the major curves since earlier updates.
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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