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Front Future Through Supports, 102.00 Next Up

GILTS

Front Gilt futures are back to Mar 10 levels, with a session low of 102.22 set in the last few minutes amid the broader move lower in global core FI.

  • In doing so, this afternoon the contract has cleared a couple of support levels identified by our tech analyst: 102.54 (yesterday's low) and 102.31 (61.8% retracement of the Feb 28 - Mar 20 rally).
  • The overall short-term trend remains bearish and next support is seen at the round number of 102.00.

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