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Following the BoE's decision to........>

GILT SUMMARY
GILT SUMMARY: Following the BoE's decision to leave the policy rate on hold,
sterling money markets and gilts sold off sharply.
- The Mar-20 gilt future trades at 134.68, down 21 ticks from Wednesday's close
and 28 ticks off the day's low; L-H: 134.4-135.52.
- Gilts have sold off with yields 2-8bps higher on the day. Cash yields (Last /
1d chg / L..H): 2Y (0.5008% / +7.5bp / 0.4991%...0.5243%); 5Y (0.4277% / +5.4bp
/ 0.4208%...0.4489%); 10Y (0.5425% / +2.8bp / 0.5328%...0.5634%); 30Y (1.0426% /
+1.9bp / 1.0265%...1.0597%).
- The curve has bear flattened: 2s10s (2.5bp / -5.7bp / 1.5bp..7.2bp); 2s30s
(52.7bp / -6.3bp / 50.7bp..58.2bp).
- Short sterling futures have broadly sold off with whites underperforming: W (-
7.0/9.5 ticks); R (- 5.5/6.5 ticks); G (- 3.5/5.0 ticks); B (- 2.5/3.0 ticks).

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