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Lacking Catalysts

GILT SUMMARY

Gilts firmed early into the session and have subsequently traded sideways with the curve flat overall. With a light data calendar and no material headlines, catalysts for price action have been few and far between.

  • Cash yields trade within 1bp of yesterday's close. Last yields: 2-year -0.0183%, 5-year -0.0228%, 10-year 0.2951%, 30-year 0.8667%.
  • The Dec-20 gilt future trades at 135.22, in the middle of the day's range (L: 135.10 / H: 135.33)
  • Short sterling futures are flat/1.0 ticks lower in whites/reds/greens.
  • Tomorrow will see the release of monthly GDP, industrial production, construction output, index of services and trade data for August.

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