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Firmer alongside Peers

GILTS
Bank Of England (BOE) Market NewsHomepageBond Market NewsBulletMarketsFixed Income Bullets

Gilts follow global peers higher at the open.

  • Futures trade as high as 99.70, bulls unable to force a challenge of next resistance at 99.85, with the contract back to ~99.60
  • Yields 1-2bp lower across the curve.
  • SONIA futures remain underpinned but off best levels of the day, last flat to +2.5.
  • BoE-dated OIS shows ~44bp of cuts through year end vs. ~45bp pre-gilt open.
  • The BoE’s latest DMP survey headlines the UK calendar today, but expect macro matters to continue to dominate, with U.S. ADP, weekly jobless claims and ISM services data due.
  • A reminder that BoE chief economist Pill is due to appear on an invite-only attendance panel at the Bruegel Annual Meetings (11:15BST). The panel is entitled "Quantitative tightening and financial stability". We are unsure whether there will be any media coverage.
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Gilts follow global peers higher at the open.

  • Futures trade as high as 99.70, bulls unable to force a challenge of next resistance at 99.85, with the contract back to ~99.60
  • Yields 1-2bp lower across the curve.
  • SONIA futures remain underpinned but off best levels of the day, last flat to +2.5.
  • BoE-dated OIS shows ~44bp of cuts through year end vs. ~45bp pre-gilt open.
  • The BoE’s latest DMP survey headlines the UK calendar today, but expect macro matters to continue to dominate, with U.S. ADP, weekly jobless claims and ISM services data due.
  • A reminder that BoE chief economist Pill is due to appear on an invite-only attendance panel at the Bruegel Annual Meetings (11:15BST). The panel is entitled "Quantitative tightening and financial stability". We are unsure whether there will be any media coverage.