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Futures Breach NextT Resistance


Gilts benefit from the previously covered run of U.S. ADP employment and ULC data, with the next resistance level breached in futures before a tick away from fresh session highs. Bulls now eye round number resistance at 99.00 (highs of 98.87 seen thus far). A break there would expose the next technical projection of the late Nov price swing flagged earlier (99.41). 10-Year gilt yields show as low as 3.948%, with the next markers there seen at 3.899% then 3.825%, as flagged earlier.

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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