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Fresh Session Highs For Futures, Bulls Eye 100.00

GILTS

An extension of the bid in U.S. Tsys drags gilt futures to fresh session highs at 99.81, 100.00 remains the next point of interest, presenting round number resistance. Cash gilt yields run 5-9bp lower on the day, with the front end and belly leading. Fresh receiver-side flow in BoE-dated leaves 112bp of cuts priced through ’24, allowing the front end/belly to outperform. SONIA futures sit 0.5-13.0bp firmer through the blues,

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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