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Holding Firm

GILT SUMMARY

Gilts have traded firmer through the session and the curve has marginally flattened.

  • Cash yields are 1-2bp lower on the day with 2s30s narrowing 1bp. Last yields: 2-year -0.1303%, 5-year -0.0341%, 10-year 0.2819%, 30-year 0.8550%.
  • The Mar 21 gilt future trades at 134.48, near the top end of the day's range (L: 134.07 / H: 134.57).
  • Short sterling futures are 0.5-2.5 ticks higiher in whites/reds/greens/blues.
  • The RICS house price balance for December came in at 65% vs 61% survey.
  • Tomorrow sees the release of monthly GDP for November alongside industrial production, construction output, index of services and international trade data for the same month.

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