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Gilts outperform following UK labour market data

BONDS
  • Gilts are outperforming this morning after the slightly disappointing labour market data release, but are already a little off their highs.
  • Bunds were already higher on the day but hit their intraday high on the gilt open before fading back to their prevailing levels.
  • US Treasuries are also a bit higher on the day but are underperforming.
  • TY1 futures are down -0-0+ today at 118-14+ with 10y UST yields down -1.6bp at 2.971% and 2y yields down -2.9bp at 3.149%.
  • Bund futures are up 0.34 today at 152.26 with 10y Bund yields down -2.7bp at 1.184% and Schatz yields down -0.4bp at 0.493%.
  • Gilt futures are up 0.49 today at 115.50 with 10y yields down -4.9bp at 2.106% and 2y yields down -5.5bp at 1.911%.

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