February 21, 2023 10:20 GMT
Gilt, BTP and OAT lead lower
BONDS
- Gilt, BTP and OAT are still leading to the downside, with Gilt catching up with EGBs, since the UK services PMI beat.
- Technical support will be at 102.10 (100-dma).
- In Yield terms, the UK 10yr printed a 3.606% high in February, also the highest print since the 3rd January.
- Reference 102.47, 3.606% equates to 101.92.
- Gilt/Bund spread sits 4bps wider at 104.19bps, ahead of the February high at 107.78bps.
Chart source: MNI/Bloomberg
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