June 26, 2024 11:44 GMT
Futures Test Support
GILTS
The post-auction rally in gilts has faded, with core global FI remaining under pressure in the wake of the Australian CPI data.
- Futures have gone on to make new session lows at 98.19, breaching support at 98.21.
- A clean break would expose initial firm support at the 20-day EMA (97.97).
- Gilt yields are 2-3bp higher across the curve, with the bounce from June lows extending further across all benchmarks.
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