March 21, 2023 14:41 GMT
Holding on to more of the bounce off the lows than Bunds
GILTS
Looking at the move in gilt futures, we moved a similar amount off the 14:00GMT levels to Bund futures (around 0.6% for both). Both them retraced around 1/3 of the move. Bunds continue to trade around that level, but gilts are within 10 ticks of the move higher, so have held on to more of the bounce off the lows than Bunds.
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