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Fresh Weakness On U.S. Data, Local Technicals Untouched

GILTS

Weakness in Tsys in the wake of the U.S. data weighs on gilts, with futures to fresh sessions lows of 98.05, although 98.00 is untested.

  • Front end leads the weakness, with yields 2.5-4.5bp higher on the day.
  • 10s to fresh highs of 4.125%, previously flagged target for gilt bears seen at 4.167%.
  • 2s10s and 5s30 comfortably within recent ranges.
  • Local headline flow remains light.
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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