October 02, 2024 13:14 GMT
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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