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Gilt future has broken multiple supports

GILTS
  • Gilt has broken through multiple supports, as longs get squeezed around Global Govie futures.
  • The 10yr Yield is now at its highest level since October and testing 3.95%, which might provide some swap receiving interest.

Nonetheless, looking at Yield terms, reference 99.09:

  • 4.00% = 98.50 (would be next support of interest in futures).

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