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Futures Test Key Support, Curve Bear Flattens

GILTS

Gilt futures show ~60 ticks lower as the latest BoE appearance in front of the Treasury Select Committee gets going, testing key support in the form off the 19 April low at present. The wider curve sees some light bear flattening, with benchmark yields 3-4bp higher, while the flattening impetus is aided by cross-market spill over into the BoE-dated OIS space.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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