October 08, 2024 12:43 GMT
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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