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Following Tsys Cheaper Post-U.S. CPI

GILTS

Gilts follow the ebb and flow of U.S. Tsys around U.S. CPI data, allowing futures to register a fresh session low as the pull away from technical resistance and this morning’s month-to-date high extends.

  • Still, yesterday’s low remains some distance away, with the contract last -35, off post-data lows.
  • Cash gilts run 3-5bp cheaper, with 7s leading the cheapening.
  • SONIA futures soften accordingly to last show flat to -6.0, a little off their own post-data cheaps, with the greens leading the cheapening.
  • BoE-dated OIS firms at the margin.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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