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In range, ahead of big data tomorrow

GILT SUMMARY

A pretty tight 39 ticks range session for Gilts.

  • The contract has traded in tandem with other core Bonds, trending higher, but nonetheless trailing somewhat compared to the likes of Bund and semi core.
  • Gilts volumes picked up this afternoon with some roll related blocks:
  • G U0 blocked at 137.10 in 2k
  • G Z0 blocked at 136.11 in 1k
  • G Z0 blocked at 136.12 in 1k
  • Very little in terms of new headline or news to set a clear direction bias, especially given that we have a busy day on the data front tomorrow.
  • Investors prepare for the UK retail Sales and prelim PMIs.
  • Sep Gilt futures (G) up 16 ticks at 137.07 (L: 136.8 / H: 137.19)
  • UK: The 2-Yr yield is down 1.7bps at -0.042%. 5-Yr is down 1.4bps at -0.038%, 10-Yr is down 1.8bps at 0.218%, 30-Yr is down 1.9bps at 0.795%.

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