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Gilt roll is picking up

GILTS
  • As noted, Gilt roll has started especially in the past hour, post UK PMIs.
  • The spread has traded 33.3k lots outright, but more have been done on legs, with a quarter of the front Month volume now spread related.
  • The spread has mostly seen some buying, but well within a 2 ticks range of -16/-14.
  • Some of the directional views are mixed, from slightly Bullish to slightly Bearish.
  • Gilt roll pace stands at 8%.

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