June 05, 2024 12:55 GMT
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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