May 23, 2024 09:47 GMT
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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