September 23, 2024 08:25 GMT
GILTS: Curves Steepen, Led By Germany
GILTS
Bull steepening on the curve driven by moves in Bunds, both pre- & post-European PMIs. Yields 1.5-6.0bp lower.
- 2s10s moves to the steepest level seen since the BBG benchmark roll in August, back above 0.
- 5s30s is less than 1bp away from its September high.
- UK flash PMIs due shortly, more on that in an upcoming bullet.
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