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Futures Close Opening Gap Lower

GILTS

Gilt futures have closed the opening gap lower, but a subsequent move away from post-data highs in U.S. Tsys limits the move.

  • Futures last trade +4 at 97.63.
  • Initial support and resistance remain unchanged at yesterday’s low & high, respectively (97.08 & 86).
  • Cash gilt yields are 1.5bp higher to unchanged, bear flattening.
  • SONIA futures are -1.0 to +1.0, sticking to very tight ranges.
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Gilt futures have closed the opening gap lower, but a subsequent move away from post-data highs in U.S. Tsys limits the move.

  • Futures last trade +4 at 97.63.
  • Initial support and resistance remain unchanged at yesterday’s low & high, respectively (97.08 & 86).
  • Cash gilt yields are 1.5bp higher to unchanged, bear flattening.
  • SONIA futures are -1.0 to +1.0, sticking to very tight ranges.