October 07, 2024 14:09 GMT
GILTS: Gilts Testing Support Zone
GILTS
Fresh weakness in core global FI markets takes 10-Year gilt yields through 4.20% (high of 4.203%).
- Long-dated BoE APF sales saw soft demand, which may have also fed into the weakness.
- Futures register session lows of 96.42, a marginal breach of the 96.43 support level (equivalent to 4.20% in yields).
- Broader yields 4-8bp higher on the day, curve still bear flattens.
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