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Gilt has closed the gap

BONDS
  • Gilt has closed the gap down to 100.60 , and extended all the way down to print a 100.26 low, ahead of support seen around the 100.06/100.00 area.
  • Gilt/Bund spread has cleared the 2023 high, with next psychological resistance at 130.00, now at 129.7, too close not to be tested.
  • A clear break through the latter, would open to the December high at 136.26bps.

Chart source: MNI/Bloomberg

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