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Futures Close Opening Gap Higher

GILTS

Little to flag when it comes to gilt-specific matters, with the broader pullback in core global FI markets covered elsewhere filtering into UK paper.

  • Gilt futures close the opening gap higher on the move to last trade -15 at 98.56.
  • Cash gilts are 3bp higher to 1bp lower in yields terms, twist flattening.
  • SONIA futures are now +0.5 to -3.5 through the reds, while BoE-dated OIS unwind the bulk of the retail sales-inspired dovish shift to sit little changed on the day.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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