September 05, 2024 13:07 GMT
Initial Resistance Intact In Futures
GILTS
Gilts follow Tsys higher following the U.S. data.
- Next resistance in futures at 99.85 untested, with highs of 99.81 seen thus far.
- Yields 3-4bp lower on the day, light bull steepening.
- SONIA futures follow gilts higher, last flat to +5.5. Some contracts register fresh session highs.
- BoE-dated OIS shows 45bp of cuts through year end.
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