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Gilts & Bunds Extend Recovery

BONDS

The bounce away from session cheaps in core global FI futures has extended. Still, gilts have failed to get anywhere near closing the gap lower seen at the open, while Bund futures have not sustainably breached early session highs.

  • German cash yields are 1-3bp firmer on the day, comfortably off session highs, while the 2s10s curve is back from the least inverted levels seen since March.
  • Gilt yields are now 2.5bp lower to 3.5bp higher as the curve twist steepens.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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