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GILTS: Futures Test Key Support

GILTS

Gilt futures testing key support at 98.11, with lows of 98.08 registered so far.

  • U.S. ADP employment data the source of the latest selling pressure.
  • A break would expose nearby round number support at 98.00.
  • Yields 8.0-9.5bp higher, 10s still lead the sell off.
  • 10-Year yields within 2.5bp of their Sep 2 high (4.061%).
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Gilt futures testing key support at 98.11, with lows of 98.08 registered so far.

  • U.S. ADP employment data the source of the latest selling pressure.
  • A break would expose nearby round number support at 98.00.
  • Yields 8.0-9.5bp higher, 10s still lead the sell off.
  • 10-Year yields within 2.5bp of their Sep 2 high (4.061%).