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GILTS: Light Pressure In Recent Trade

GILTS

Little to drive the latest move lower in gilts, outside of spill over from moves in core global peers.

  • Incremental fresh session lows seen in futures (96.30) before a rebound back towards 96.40.
  • Next support comes in at the 1.00 projection of the Sep 17-30-Oct 1 price swing (96.23), with the bearish technical trend intact.
  • Yields now virtually unchanged on the day across the curve.
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Little to drive the latest move lower in gilts, outside of spill over from moves in core global peers.

  • Incremental fresh session lows seen in futures (96.30) before a rebound back towards 96.40.
  • Next support comes in at the 1.00 projection of the Sep 17-30-Oct 1 price swing (96.23), with the bearish technical trend intact.
  • Yields now virtually unchanged on the day across the curve.