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Gilt is leading Bonds higher

BONDS
  • UK Gilt is leading Govies higher with the contract back above 94.00, highest level since mid October.
  • Gaps aren't a good tech study to use for this contract, but next upside area of interest will nonetheless be at the 94.27/94.65 gap.
  • The move in Gilt is pushing the 10yr spread vs Germany 3bps tighter and at its lowest level since mid October at 170.00bps.

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