September 23, 2024 14:04 GMT
GILTS: Futures Through Next Support
GILTS
Gilts sell off again, ultimately following Tsys in the wake of the U.S. flash PMI data.
- Futures through next support (99.29), which exposes the 76.4% retracement of the Sep 2-17 bull leg (98.92). The bullish technical picture is now under greater pressure, with the contract last 99.12.
- Yields 1-5bp higher across the curve, bear steepening.
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