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EURGBP TECHS

Probes Key Resistance

UK

Timeline of key events (Times GMT)

EUROZONE

Timeline of key events (Times GMT)

BONDS

Mixed Performance For Core FI In Asia

GBPUSD TECHS

Fresh Trend Lows

SNAPSHOT

Omicron & Yuan Matters Continue To Dominate Headlines

GILT SUMMARY
GILT SUMMARY: Gilts yields rose a smidgeon on Tuesday mainly because of a slow
and steady move higher in German yields through the session. 
- A 2026 index linked Gilt auction went through without a hitch and indeed,
longer dated real yields were declining (around 1bp at 10Y) at the same time as
breakevens were rising.
- Option structures in short sterling were generally looking for higher rates
although net changes in short sterling contracts were small.
- Gilts generally outperformed Bunds despite a pretty poor performance of
sterling, mostly against the dollar but also against the euro. There was no
obvious relationship between currency swings and the Gilt market.
- At the close, the Gilt 10Y yield was 1bp higher at 1.15%.