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Gaped lower on the open

GILTS
  • With Gilt gaping lower on the open, 10yr still sees support in futures at the 4.10% Yield level.
  • Last Friday this level equated to 97.57, and the contract printed a 97.60 low, with a 4.093% high in Yield.

Today reference 97.93:

  • 4.10% = 97.66.
  • 4.15% = 97.19.

Resistance is at 98.12, and a clear break through the latter, would see yesterday's high at 98.98.

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